A HECM - Home Equity Conversion Mortgage commonly known as a Reverse Mortgage is a loan type that is available to homeowners who are 62 years or older.**

It allows them to convert the equity in their home into one of the following or a combination of the three: -A lump sum payment - Monthly income - Line of credit

The product helps people that want to tap into the equity in their homes and use the money as they want to use it. This loan is called a reverse mortgage because it is the opposite of a traditional mortgage. Instead of making monthly payments to a lender, the lender makes payments to you as the borrower with a *line of credit. ( if applicable) You are not required to pay back the loan until the home is sold. As long as you live in the home, you are not required to make any monthly payments towards the loan balance, but you must remain current on your property taxes, homeowners association dues and insurance.

A proprietary reverse mortgage is a private, non-government- insured loan allowing homeowners (typically aged 55+) to access high-value home equity without monthly payments.

Unlike HECMs, these "jumbo" loans have no federal borrowing caps, making them ideal for homes exceeding the $1,149,825* FHA limit, offering faster processing, higher loan amounts (up to $4 million), and fewer restrictions on property types.**

*2026 FHA limit

** Information listed subject to change and lender qualifications. Conact a Reverse Mortgage Specialist for more information.

These materials are not from, and have not been approved by, HUD FHA, or any goverment agency. Subject to Credit Approval. For licensing information, go to: www.nmlsconsumeraccess.org