No Monthly Mortgage Payments
Stay in your home forever — just pay for taxes & insurance
More Gold, for the Golden Years
Protect your wealth and delay social security with a line of credit.
No Risk, Just Reward. Life's Worth It.
HECMs are non-recourse loans, and heirs have a right to buy
For borrowers 62 and over who have sufficient equity to age in place, forever
There is no min credit score requirement, but a financial assessment will determine your ability to pay property charges.
The home must be your primary residence, meaning you must live in it for more than 6 months per year.
No set DTI ratio, but you must demonstrate financial stability to cover property taxes, insurance, and upkeep costs.
You must have sufficient income to cover ongoing property expenses, with no job required.
Sellers can contribute up to 6% of the purchase price toward closing costs when using a HECM for Purchase.
You'll need at least 50% in existing home equity, depending on age and interest rates that converts to debt over time
To qualify, you must be at least 62 years old. There is no maximum age limit, but the loan amount increases with age.
The FHA loan limit in 2025 for a HECM is $1,209,750. Actual amounts could be lower based on interest rates and home value.
Eliminate Mortgage Principal & Interest
You've worked hard to pay down your mortgage. Now it's time to sit back and relax. Mortgage interest will accrue over time, but you don't have to pay it back for as long as you live in the home.
It's Your Money, Your Life to Live
Access extra funds as a lump sum or in a line of credit. Use the line of credit to delay social security or avoid taking retirement distributions during market down turns
HECMs are a tool to build wealth
Defer distributions from taxable accounts. Occasionally payback mortgage interest for tax savings and get the money right back with an ever increasing line of credit.
Protect Wealth in 401Ks or IRAs
Protect your portfolio against an adverse sequence of returns. Avoid taking distributions from your portfolio and give it time to recover. Portfolio coordination isn't just for the rich!
HECMs are Non-Recourse Loans
You’ll never owe more than your home’s value, even if the market declines. Heirs always have the option to buy back the property at the (lesser of) current loan amount OR 95% of the home's value
If you have a current mortgage, the HECM loan first clears that balance, freeing you from monthly payments.
Receive the remaining funds as a lump sum, monthly payments, a line of credit, or a mix—designed to fit your needs.
Avoid portfolio withdrawals during market downturns. Delay social security to maximize benefits. Repay mortgage interest for tax deductions but get it back as a line of credit
The loan is repaid when you sell the home, move out, or pass away—your heirs can choose to buy back the home at the loan value of 95% of the home's appraised value.
Understand Your Options
Explore different payout methods to find what works best for you.
Use Funds Wisely
Plan your retirement spending and portfolio to ensure long-term financial stability
Involve Your Family
Keep your heirs informed about the loan and repayment process.
Ignore Fees & Costs
Be aware of closing costs, mortgage insurance, and servicing fees.
Miss Property Obligations
Not paying taxes, insurance, or maintenance can put your loan at risk.
Assume It’s Free Money
A HECM is a loan, not a grant & must be repaid when you leave the home.
Easily compare loan options to find the best fit for your financial goals.
HECM
HELOC
Conventional
Monthly Payments
No
After 10yrs
Immediate
Credit Score Needed
680+
660+
620+
Equity Required
45-55%+
80%
5%
Loan Limits
Based on FHA limits
Varies by lender
Varies by assistance
Age Requriment
62+
18+
18+
Everything you need, in one place!
Learn everything you need to know as a first-time homebuyer
You’ve got questions, we’ve got answers
A HECM, or Home Equity Conversion Mortgage, is a government-insured reverse mortgage designed for homeowners aged 62 and older. It allows you to convert a portion of your home equity into cash while continuing to live in your home. Unlike traditional mortgages, a HECM does not require monthly payments, and the loan is repaid when the home is sold, you move out, or you pass away.
Yes, you remain the owner of your home, just like with a traditional mortgage. As long as you continue to live in the home, maintain the property, and keep up with property taxes and insurance, you can stay in your home for as long as you wish. The lender only recoups the loan amount when the home is sold.
No, your heirs are not personally responsible for the loan. When the loan becomes due, they can choose to repay it if they want to keep the home. If they decide to sell the home, the proceeds will be used to pay off the loan balance. If the home’s value is less than the loan amount, FHA insurance covers the difference, meaning your heirs will never owe more than the home is worth.
Yes, but you must use a portion of the HECM loan proceeds to pay off your existing mortgage first. This means you must have enough home equity to cover your outstanding mortgage balance. Once your original mortgage is paid off, you can use the remaining funds however you choose.
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