Home Equity Conversion Mortgage Benefits

If you’re 62 or older, a Home Equity Conversion Mortgage (HECM) can provide extra income using the equity from your home. With an HECM, also called a reverse mortgage, you can use your home as collateral, but instead of making payments to a lender, the lender pays you. The funds may be tax-exempt and can be used however you choose.* We can help you retain ownership of your home and get access to the funds you need with a reverse mortgage.


  • Must be age 62 or older
  • Live in the home as your primary residence
  • Own the property outright or have paid down a considerable amount
  • Continue to pay for property related charges such as property taxes, homeowner’s insurance, HOA fees, etc.
  • Not be delinquent on any federal debt
  • Participate in a consumer information session given by a HUD-approved HECM counselor

*Consult your tax advisor for more information.

  1. Make home repairs or renovations
  2. Pay off debts or taxes
  3. Cover health care costs
  4. Travel or take a dream vacation