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This material is not provided by, nor was it approved by the Department of Housing & Urban Development (HUD) or by the Federal Housing Administration (FHA). It is not intended to be a substitute for legal, tax or financial advice. Consult with a qualified attorney, accountant or financial advisor for additional legal or tax advice.

There are some circumstances that will cause the loan to mature and the balance to become due and payable. The borrower(s) must continue to pay for property taxes and insurance and maintain the property to meet HUD standards or risk default. Credit is subject to age, minimum income guidelines, credit history, and property qualifications. Program rates, fees, terms and conditions are not available in all states and subject to change.

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This site, advertisement, nor content has been reviewed, approved or endorsed by HUD, FHA, or any government agency. It is not intended to be a substitute for legal, tax or financial advice. Consult with a qualified attorney, accountant or financial advisor for additional legal or tax advice. This site is not authorized by the New York State Department of Financial Services. No mortgage solicitation activity or loan applications for properties located in the State of New York can be facilitated through this site.

A reverse mortgage is a loan that enables homeowners aged 62 and older to convert a portion of their home equity into tax-free¹ cash in the form of loan proceeds. Borrowers continue to hold the title to the home and are not required to make monthlymortgage payments. They must continue to pay taxes, property insurance, and any other financial obligation that could result in a lien on the property, as well as maintain the property’s safe, working condition. When the last borrower or eligible non-borrowing spouse dies, sells the home, permanently moves out, or fails to comply with the loan terms, the loan becomes due and payable.

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¹ Consult a financial advisor and appropriate government agencies for any effect a reverse mortgage may have on taxes or benefits. How you

use the loan proceeds could impact your income taxes

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