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APPLY

Estimated Available Line of Credit:

$158,200


The value of your home as determined by a professional real estate appraiser


The amount of money you still owe on your mortgage. This amount will be paid off using the proceeds from your reverse mortgage


Age of the youngest borrower or eligible non-borrowing spouse


The maximum amount eligible for the program up to the FHA limit of

Hidden figures





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Required Upfront Costs



A fee to compensate the lender for processing your HECM loan. HECM origination fees are capped at $6,000



Upfront FHA mortgage insurance of 2% collected by the government to guarantee that you will receive expected loan advances