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HUD Reverse Mortgage

No matter whether you're in Alabama, Tennessee, North Carolina, Missouri or Mississippi, a Reverse mortgage could be a fantastic opportunity to improve your monthly cash flow, without any monthly costs to you. That's right! No monthly mortgage payment! If you're 62 or older, are a homeowner and have sufficient equity in your primary residence, you could be eligible to participate in the HUD insured FHA Reverse mortgage program!

Reverse Mortgage Overview:

  • Homeowners Borrow Against the existing Equity in their homes
  • You can elect to receive a:
    • Lump Sum Payment
    • A monthly payment to you - yes, that's correct, You get a payment every month. Either for a fixed period you set or for as long as you live!
  • You make absolutely no monthly payments on the amount you borrowed as long as your remain in your home.
  • You only pay the amount back when you Sell your home, no longer have the home as your primary residence, or through Your Estate after passing away.
  • Any remaining Equity after the loan amount is paid goes to you or to your Heirs.
  • Neither you, nor your estate, are responsible for any balance deficiencies between what you owe and what the home is worth. HUD foots the bill in each case, and you are not responsible period!
  • There are no limits to the value of the home for this program. The program only caps the amount of funds available based upon the FHA Loan Limits in your area.

If you are eligible for this program, we encourage you to contact a loan professional to learn more about all of the benefits the reverse mortgage program provides to senior citizens. These reverse home loans are fully insured by HUD! It is one of life's little "No Brainers" for those eligible borrowers who want more out of retirement than a monthly pension or social security check! This is your ticket. Call today or use or fast Quick Apply form to find out more!

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