Reverse Mortgage

The FHA-insured Reverse Mortgage Program (called a "H.E.C.M.") allows homeowners, aged 62 years or older, the opportunity to access tax-free cash from the equity of their home while still maintaining ownership and control of their property. Use of the funds are not restricted and many homeowners take advantage of reverse mortgages to help pay for medical expenses, home repairs, credit card debts and even vacations. With a reverse mortgage, homeowners are not required to make a recurring monthly mortgage payment and qualifying is easy! There are no credit score, income or asset qualifications and borrowers have the ability to select one of three flexible draw options including:

  • A lump sum payment (funds are directly deposited into the borrowers checking account),
  • A monthly recurring payment (a specified amount is deposited each month into the borrower's account), or
  • A line of credit (funds can be accessed when needed)

*It is also possible to receive funds in a combination of the above options. The amount of cash received by a borrower is based on the home value, the borrower ages, the market interest rate and the lending limit set by FHA. If you would like to determine how much you can qualify for, we are just a phone call away. Call AnnieMac Home Mortgage today at 1-866-312-6682.

Borrower must keep house insured, pay all Real Estate taxes and HOA fees, if appropriate. Also, borrower must maintain house in good condition.

Information about Reverse Mortgages under the Truth in Lending Act is available free of charge and the obtaining of such information does not constitute a reverse mortgage acceptance.

The Reverse Mortgage Purchase Program

The reverse mortgage program can also be used to purchase a new residence. This may be useful if you are looking to "right-size" your home during retirement. This program allows seniors, age 62 or older, to purchase a new primary residence using a reverse mortgage and live in the home with no need to make a mortgage payment. Please call an AnnieMac Reverse Mortgage Specialist for more information and to get the facts on this powerful program. Get started now so you can secure your financial future and start living a more comfortable lifestyle!

Reverse Fundamentals

Reverse Fundamentals

  • Understanding the fundamentals of a reverse mortgage will allow you to make an informed decision on whether this is the right loan for you!
Reverse Calculator

Reverse Calculator

  • Allows you to quickly and easily calculate how much money you may be eligible to borrow.



Direct: 720.639.8990