Home Loans in 48 StatesARBOR Financial Group · NMLS #236669
Retirement Home Equity
A reverse mortgage is a home loan for homeowners age 62 and older. It lets you access home equity with no required monthly mortgage payments while you live in the home. You must continue to pay property taxes, insurance and maintenance.
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Call today: 866-521-6488NMLS #236669 · Equal Housing Opportunity · NMLS Consumer Access
62+
Minimum age for borrowers
$1,249,125
2026 HECM maximum claim amount
FHA
Insures the HECM program
Reverse Mortgage Basics
A reverse mortgage is a loan based on your home's equity that allows homeowners aged 62 or older to convert part of that equity into cash without selling, with no required monthly mortgage payments while you live in the home. Repayment is not due until you move out, sell the home or pass away, as long as loan terms are met. You keep ownership and can use the funds for living expenses, medical costs or home improvements.
A reverse mortgage can help retirees on a fixed income who want extra cash flow to supplement retirement income with no required monthly mortgage payments while they live in the home. It also suits homeowners who have built significant equity and want to use it for personal needs or long term goals, and people planning to age in place who want to stay in their home while covering essential costs.
Instead of making payments, you receive funds based on your home's equity, and the amount depends on your age, your home's value and the loan type. You do not repay the loan each month: the balance grows over time and is repaid when you sell, move out or pass away. As long as you meet the loan terms, including living in and maintaining the home, you remain the homeowner.
The Home Equity Conversion Mortgage (HECM) is the most common reverse mortgage for homeowners aged 62 and older, with flexible payout options. HECM loans are FHA-insured. HECM borrowers must complete counseling with a HUD-approved counselor. Proprietary reverse mortgages are private loans from individual lenders, designed for higher value homes, that may allow larger loan amounts. Single purpose reverse mortgages, typically from state and local agencies or nonprofits, cover specific needs such as home repairs or property taxes.
There are no required monthly mortgage payments while you live in the home, which can reduce financial strain during retirement. You can convert part of your home's equity into cash to cover living expenses, medical bills or home improvements, and you remain the owner, able to stay in your home as long as it is your primary residence and you meet the loan terms. Consult a tax advisor about tax treatment.
A reverse mortgage may be right for you if you are 62 or older, have built sufficient equity in your home and plan to live there as your primary residence for the foreseeable future. It can turn that equity into funds without selling. Consult a tax advisor about tax treatment. A licensed ARBOR loan originator can help you weigh the costs and decide whether it fits your plans.
This general information is NOT a substitute for the advice of an attorney, accountant, and/or financial planner. Before you decide to pursue a reverse mortgage, you should carefully consider your individual circumstances so you can make a wise decision about the most valuable asset you may own, your home. Factors to consider include whether the proposed reverse mortgage is a recourse or nonrecourse loan, whether the loan would have a fixed or adjustable interest rate, and/or the current and projected market value of your home. The lender will charge an origination fee, a mortgage insurance premium, closing costs or servicing fees for the reverse mortgage, all or any of which the lender will add to the balance of the reverse mortgage loan. The balance of the reverse mortgage loan grows over time and the lender charges interest on the outstanding loan balance. At the conclusion of the term of the reverse mortgage loan contract, some or all of the equity in the property that is the subject of the reverse mortgage no longer belongs to the person and the borrower may need to sell or transfer the property to repay the proceeds of the reverse mortgage from the proceeds of the sale or transfer or you must otherwise repay the reverse mortgage with interest from other personal assets. In order to retain the home when the reverse mortgage becomes due that (1) the consumer or the consumer’s heirs or estate must pay the entire loan balance and (2) the balance may be greater than the value of the consumer’s home. The consumer retains title to the property that is the subject of the reverse mortgage until the person sells or transfers the property and is therefore responsible for paying property taxes, insurance, maintenance and related taxes. Failing to pay these amounts may cause the reverse mortgage loan to become due immediately and may subject the property to a tax lien or other encumbrance or to possible foreclosure. Interest on a reverse mortgage is not deductible from the consumer’s income tax return until the consumer repays all or part of the reverse mortgage loan.
Why ARBOR
We help homeowners aged 62 and older access their home equity through reverse mortgage solutions tailored to their financial goals. Whether you want to supplement your income, fund retirement expenses or simply have no required monthly mortgage payments while you live in the home, we provide expert guidance and competitive loan options.
From application to closing, we keep the process smooth and clear, helping you gain the financial flexibility you need while you stay in your home.
Ready to explore your options? Talk with ARBOR about a reverse mortgage today.
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FAQ
Answers to common questions about reverse mortgages, including who qualifies, how funds are paid, home ownership and what happens when the loan comes due.
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Talk with a licensed ARBOR loan originator about your reverse mortgage options.
866-521-6488[email protected]Browse all mortgage FAQsA reverse mortgage is a home loan that may allow eligible homeowners to access a portion of their home equity as cash. Instead of making monthly mortgage payments to a lender, the loan balance may increase over time as interest and fees are added.
Reverse mortgages are generally available to homeowners who are at least 62 years old and have significant equity in their home. You must typically live in the property as your primary residence and meet lender and program guidelines.
You may receive funds as a lump sum, monthly payments or a line of credit, depending on the loan program. The loan balance increases over time and is typically repaid when you sell the property, move out or no longer live in the home as your primary residence.
Yes. You typically keep ownership of your home as long as you continue to meet the loan requirements, such as living in the home as your primary residence, maintaining the property and paying property taxes and insurance.
Many reverse mortgages do not require traditional monthly mortgage payments. However, you remain responsible for property taxes, homeowners insurance and maintaining the home according to program guidelines, and failing to pay these amounts may cause the loan to become due.
The amount available depends on factors such as your age, the value of your home, interest rates and the specific loan program. For a HECM, the 2026 maximum claim amount is $1,249,125.
The main types are the Home Equity Conversion Mortgage (HECM), which is the most common; proprietary reverse mortgages from private lenders, designed for higher value homes; and single purpose reverse mortgages from some state and local agencies or nonprofits for needs such as repairs or property taxes. HECM loans are FHA-insured. HECM borrowers must complete counseling with a HUD-approved counselor.
The reverse mortgage typically becomes due when you sell the property, permanently move out or no longer live in the home as your primary residence. At that point, the home may be sold to repay the loan balance.
In many cases, yes. Heirs may choose to repay the reverse mortgage balance and keep the home. If they do not wish to keep the property, the home may be sold and the proceeds used to repay the loan.
Some are. The Home Equity Conversion Mortgage (HECM) program is insured by the Federal Housing Administration, and HECM borrowers must be 62 or older. Other proprietary reverse mortgage programs may be offered by private lenders.
Closing a reverse mortgage may take several weeks. The timeline depends on counseling requirements, your documentation, the property appraisal and the underwriting review, and an ARBOR loan originator can help you prepare for each step.
*Important notice: By refinancing your existing loan, your total finance charges may be higher over the life of the loan. The content provided within this website is presented for information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Other restrictions may apply. ARBOR Financial Group is not affiliated with an agency of the federal government, HUD or FHA. THIS IS NOT A GOVERNMENT DOCUMENT. HUD or FHA did not distribute or approve this material.
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