Improve retirement with no monthly mortgage payments
Stay in the home you love and take the payment pressure off. If you are a homeowner(s) in or nearing retirement age, a reverse mortgage may be able to free up your monthly cash flow. Get access to your home equity and stay in the house you love or use those funds to purchase a new one.
*Educational only. Not a quote, approval, or government benefit. You still pay taxes, insurance, and upkeep.
Why people look into this
Keep the home you love
A Reverse Mortgage can help you use your home’s equity to support your retirement while you continue living in the place you call home.
Make room in your monthly budget
Some use it to eliminate a required monthly mortgage payment, freeing up retirement income for everyday living, medical expenses, traveling and much more!
How repayment works
Current owners can sell or refinance the home, while heirs can sell the home or keep it by repaying the loan with other funds or refinancing. If the loan balance exceeds the home’s value, they can generally keep it by paying 95% of its appraised value.
Watch how a reverse mortgage works
A short explainer. It plays here — you do not leave this page.
What to expect after you call
The reverse mortgage process is similar to any other mortgage and typically takes 30–60 days.
After you talk with a licensed loan officer, the usual path is counseling, application, appraisal, underwriting, closing with a notary, then funds —
with a three-business-day right of rescission after closing.
1. Counseling
HUD-certified, independent
2. Application
Income, title, and loan details
3. Appraisal
Independent third-party visit
4. Underwriting
Approved, conditions, or denied
5. Closing
Notary, usually at home
6. Funds
Proceeds after three days
Request a conversation
This form goes to Amerifi Lending only. It is not sold, round-robined, or sent to a call center.
Prefer not to use a form? Call. Consent below is not required to get information by phone.
This material is not from HUD or FHA and was not approved by HUD, FHA, or any government agency. A Reverse Mortgage is an FHA-insured loan made by a private lender. It is not a government benefit, grant, or entitlement. A reverse mortgage is a loan. It must be repaid when the last borrower (or eligible non-borrowing spouse, if applicable) dies, refinances or sells the home, or fails to meet loan obligations such as living in the home as a principal residence and paying property taxes, homeowners’ insurance, and required maintenance. Failure to meet those obligations can result in foreclosure. Borrowers remain responsible for property charges. Interest, mortgage insurance premiums, and fees accrue to the loan balance over time. HUD-approved counseling is required before a Reverse Mortgage can close. This website does not approve loans, lock rates, or guarantee proceeds. Illustrations are educational only.