Overview
A Home Equity Conversion Mortgage (HECM), commonly known as a reverse mortgage, allows seniors to access their home equity without monthly mortgage payments.
Benefits
- Eliminate monthly mortgage payments
- Tax-free loan proceeds
- Stay in your home indefinitely
- Non-recourse loan protection
Requirements
- Age 62 or older
- Significant equity in primary home
- Complete HUD counseling
Common Questions about Reverse Mortgages
How long does the approval process take?
While every situation is unique, we strive to close loans as efficiently as possible. A typical timeline is 30 days, but we can often move faster for urgent situations, especially with pre-approved buyers.
Do I need perfect credit?
Not necessarily. Many of our programs, including FHA and VA loans, have flexible credit requirements. We can also provide guidance on how to improve your score to qualify for better rates.
Need advice?
Call Jennifer directly for a quick consultation regarding your Reverse Mortgages eligibility.
(912) 977-9671Reverse Mortgages Available in These Areas
We offer reverse mortgages across Central Texas. Select your city for local details.