Skip to content

Reverse Mortgage

You have worked hard to build your nest egg.  A reverse mortgage can be a great tool to help manage your debt and safeguard your financial security.

What you need to know about reverse mortgages

What is a reverse mortgage?

A reverse mortgage is a home loan that offers flexible payment options to borrowers age 55+ *.  You can use a reverse mortgage to purchase a new primary residence or refinance your home to improve cash flow, to make a large purchase, to consolidate debt, or to establish a line of credit. 

When you have a reverse mortgage, you still own your home.  You are responsible for the maintenance of your home, the property taxes, homeowner’s insurance, and HOA dues.  When it comes time to repay your loan, you will pay the loan along with any interest and fees that have accrued**.

When you reach a “Maturity Event”, your loan needs to be repaid. Maturity events include, but are not limited to, when you no longer live in the home as your primary residence, you sell the home, you pass away. 

Call Jessica Paggen, Home Mortgage Alliance's Reverse Mortgage Specialist to discuss your options and to find out if your home qualifies for a reverse mortgage and if this loan option is right for you.


Helpful Videos >>


* Not applicable in all states; some states may impose a higher age requirement. Contact our Reverse Mortgage Specialist for details.

** Failure to maintain loan obligations will require the loan to be repaid.

Must meet financial assessment requirements and be responsible for monthly property charges such as property tax and homeowner’s insurance or could be subject to foreclosure. Applicant must qualify based off age, equity, current balances and other various factors. Restrictions may apply. This material is not provided by, nor was it approved by the Department of Housing & Urban Development (HUD), the Federal Housing Administration (FHA), or any other government agencies. Home Mortgage Alliance, LLC is a private corporation organized under the laws of the State of Delaware. It has no affiliation with the US Department of Housing and Urban Development, the US Department of Veterans Affairs, the US Department of Agriculture or any other government agency. Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Home Mortgage Alliance for current rates. To find a Reverse Mortgage counselor near you, search the HECM Counselor Roster at or call (800) 569-4287.

Popular Icon

Purchase or refinance an owner-occupied home

Fixed and Adjustable Rate Icon

Consolidate debt to provide a more comfortable retirement

No Private Mortgage Insurance Icon

Renovate your home to help you age-in-place more comfortably

Private Lenders Icon

Help pay for in-home care or move closer to family and friends

Get started with a loan officer today
Ready for your dream home? Us too, let’s get started!
Find your loan officer

Common HECM questions, answered.

What our customers are saying