HECM — Home Reverse

HECM

Home Equity Conversion Mortgage. Access your home equity with a government-insured reverse mortgage.

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What is a HECM?

Unlock your home wealth with a HECM

The Home Equity Conversion Mortgage — or HECM — is the most widely used reverse mortgage in the United States. It is the only reverse mortgage insured by the Federal Housing Administration (FHA), making it one of the safest and most regulated financial products available to homeowners 62 and older.

A HECM allows you to convert a portion of your home's equity into tax-free cash, while continuing to live in and own your home. There are no monthly mortgage payments required — the loan is repaid when you sell the home, move out permanently, or pass away.

With a HECM from Home Reverse, you get the full backing of a government-insured product, the guidance of a licensed advisor, and a team that puts your financial wellbeing first.

A reverse mortgage advisor explaining a HECM

How It Works

How a HECM can improve your retirement

A HECM reverse mortgage eliminates your monthly mortgage payment and puts cash back in your pocket — cash you can use virtually any way you choose. Whether you want to travel, cover medical expenses, help family members, or simply enjoy the retirement you've earned, a HECM gives you the financial flexibility to do it.

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Why Choose a HECM

Three reasons homeowners choose a HECM

No Monthly Mortgage Payments

With a HECM, you are no longer required to make monthly mortgage payments. This frees up cash flow every month.

Live In and Own Your Home

You retain the title to your home and can continue living in it without selling or giving up ownership.

Government-Insured

The HECM is insured by the Federal Housing Administration (FHA), protecting both you and your heirs.

Borrowers must still meet all loan obligations including living in the home as their primary residence, maintaining the home, and paying property taxes, insurance, and HOA fees.

You must continue to live in the home as your primary residence and meet all loan obligations.

Use Cases

What a HECM can do for you

Free up cash by eliminating the need to make a monthly mortgage payment. Many borrowers find this single change dramatically improves their monthly financial picture.

Healthcare costs are a major concern in retirement. A HECM can help cover medical bills, prescriptions, in-home care, or home modifications for safer, more accessible living.

Make the improvements you've been putting off — a new kitchen, accessible bathroom, updated HVAC — and increase both your comfort and your home's value.

Travel, spend time with family, pursue hobbies, or simply enjoy the freedom of retirement without financial stress. Your home equity can help make it possible.

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Do You Qualify?

Is a HECM right for you?

Most homeowners are surprised to find out they qualify. Here are the basic requirements.

Age 62+

You or your spouse must be at least 62 years of age.

Primary Residence

The home must be your primary residence — not a vacation home or rental property.

Sufficient Equity

You must own your home outright or have significant equity built up.

Financial Responsibility

You must be current on property taxes, homeowner's insurance, and basic home maintenance.

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Frequently asked questions

Reverse mortgages can seem confusing. Here are answers to the questions homeowners ask most.

Yes, absolutely. With a reverse mortgage, you retain full ownership of your home. The lender does not own your home. You must continue to pay property taxes, homeowners insurance, and maintain the property — but the home remains yours for as long as it is your primary residence.

To qualify, the youngest homeowner generally must be 62 or older, live in the home as a primary residence, and have sufficient home equity. The property must also meet eligible FHA or lender guidelines, and borrowers need to stay current on taxes, insurance, and basic home maintenance.

A reverse mortgage typically does not require monthly mortgage payments. The loan is repaid when the home is sold, the borrower moves out permanently, or the final surviving borrower passes away. At that point, the loan balance is usually paid from the home sale proceeds.

Your heirs still have options. They can sell the home and keep any remaining equity after the loan is paid, refinance the balance to keep the property, or choose to walk away if the home value is less than the loan amount. FHA-insured HECMs protect heirs from owing more than the home's value.

The amount depends on several factors, including your age, home value, current interest rates, and existing mortgage balance. In general, the older the youngest borrower and the more equity available, the higher the potential loan amount.

A reverse mortgage may be a strong fit if you want to eliminate monthly mortgage payments, improve cash flow, supplement retirement income, or access home equity while staying in your home. The best way to know is to review your situation with a licensed advisor.

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