Reverse Mortgage
Convert home equity into tax-free income
A Home Equity Conversion Mortgage (HECM) allows homeowners 62 and older to convert a portion of their home equity into tax-free funds — with no required monthly mortgage payments. The loan is repaid when the home is sold or the borrower moves out.
62+
Min. Age
N/A
Down Payment
Not Required
Monthly Payments
FHA-Backed
Insurance
Key Features & Benefits
- No monthly mortgage payments required
- Tax-free proceeds
- Stay in your home
- FHA-insured (HECM)
- Line of credit, lump sum, or monthly payments
- Non-recourse loan — heirs protected
Best For
- Homeowners 62+
- Retirement income supplement
- Eliminating mortgage payments
- Aging in place
May Not Be Ideal If
- Homeowners under 62
- Those planning to move within 2–3 years
- Properties with significant existing liens beyond HECM limits
How It Works
Your Path to Closing
Free Consultation
We review your home value, existing mortgage, and financial goals to determine if a reverse mortgage makes sense for you.
HUD Counseling
Federal law requires independent counseling from a HUD-approved counselor. We'll connect you with a counselor and help you prepare.
Appraisal & Underwriting
We order the FHA appraisal and process your application. The financial assessment verifies your ability to maintain taxes and insurance.
Close & Access Your Equity
Choose your disbursement: lump sum, line of credit, monthly payments, or a combination. No monthly mortgage payment required.
Common Questions
Frequently Asked Questions
Also Consider
Other programs that may fit your situation
Explore Your Reverse Mortgage Options
A free, no-obligation consultation with a CFGC reverse mortgage specialist. We'll run the numbers and answer every question.
All loan programs subject to credit approval. Rates, terms, and availability subject to change without notice. Not a commitment to lend. Capital Financial Group Corporation — NMLS #2547138. Equal Housing Lender. www.nmlsconsumeraccess.org