NMLS #1281 Since 2005 Reverse Mortgage Specialists
Call/Text (833) 350-9185
1st Nationwide Mortgage

Access Your Home Equity Without Monthly Payments

A reverse mortgage lets homeowners 62 and older convert home equity into tax-free funds — with no monthly mortgage payments required while you live in the home.

  • No monthly mortgage payments while you live in the home
  • HECM (FHA-insured) and proprietary jumbo reverse programs available
  • Proceeds can fund retirement income, home repairs, or any purpose
  • Available for primary residences — single-family, condo, townhome
  • No application fee to speak with a reverse mortgage specialist
20+ yrs lending
NMLS #1281
BBB A+ rated
Talk to a Reverse Mortgage Specialist (833) 350-9185
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Check Your Home Equity

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What Is a Reverse Mortgage?

A reverse mortgage pays you — instead of you paying a lender.

 

No Monthly Payments

You keep making payments on property taxes, insurance, and maintenance, but the mortgage itself requires no monthly payment while you reside in the home.

 

Tax-Free Proceeds

Reverse mortgage proceeds are generally not considered taxable income. Funds can be taken as a lump sum, line of credit, or monthly disbursements.

 

FHA-Insured HECM

The Home Equity Conversion Mortgage (HECM) is FHA-insured and carries federally mandated consumer protections. Proprietary jumbo programs are available for higher-value homes.

Talk to a Reverse Mortgage Specialist (833) 350-9185

Reverse Mortgage FAQ

Common questions from homeowners exploring reverse mortgage options.

Who qualifies for a reverse mortgage?

Homeowners 62 or older who occupy the property as their primary residence. The home must have sufficient equity to cover the reverse mortgage balance. No income or employment verification required.

Do I lose ownership of my home?

No. You retain title and ownership. The lender places a lien on the property, which is repaid when you sell, move out, or pass away — not while you live there.

How much can I borrow?

The amount depends on your age, current interest rates, and the home’s appraised value. Older borrowers generally qualify for a higher percentage of their home’s value. Call (833) 350-9185 to model your scenario.

What happens when I move or pass away?

The loan becomes due. Your heirs can repay the balance and keep the home, sell the home and pay off the balance, or walk away (FHA insurance covers any shortfall).

What are the upfront costs?

HECM loans have an upfront MIP (mortgage insurance premium), origination fee, and closing costs — most of which can be financed into the loan. A counseling session with an HUD-approved counselor is required before application.