Reverse Mortgage Loans
in Maryland, Virginia & Washington DC
⭐ 5-Star Client Reviews ✔ Licensed Mortgage Professionals ⚡ Fast Closings
Access Your Home Equity. Stay in Your Home. Improve Retirement Cash Flow.
No obligation consultation. Learn if a reverse mortgage is right for you.
Reverse mortgage loans are available for homeowners age 62 and older through the FHA-insured HECM program.
✔ No monthly mortgage payments
✔ Tax-free proceeds
✔ Keep ownership of your home
✔ Flexible payout options
Check If You Qualify for a Reverse Mortgage
Free consultation • No obligation
What Is a Reverse Mortgage (HECM)?
A Reverse Mortgage — officially called a Home Equity Conversion Mortgage (HECM) — is an FHA-insured loan that allows homeowners age 62+ to convert part of their home equity into generally tax-free proceeds while continuing to live in the home.
Unlike a traditional mortgage:
- You do not make monthly mortgage payments
- You remain the legal homeowner
- You can receive funds as a lump sum, monthly payments, line of credit, or combination
- The loan is repaid when you sell, move out permanently, or pass away
Borrowers must continue paying property taxes, homeowners’ insurance, and maintain the property.
Reverse Mortgage Requirements
To qualify:
- Must be 62 years or older
- Home must be primary residence
- Must have sufficient equity
- Must meet FHA financial assessment guidelines
- Must complete HUD-approved counseling
Eligible Property Types:
- Single-family homes
- FHA-approved condominiums
- 2–4 unit properties (one unit owner-occupied)
Not sure if your home qualifies? Speak with a
reverse mortgage specialist to review your options
How Homeowners Use Reverse Mortgage Funds
Reverse Mortgage proceeds are flexible and can be used for:
- Supplementing retirement income
- Paying off an existing mortgage
- Covering medical or long-term care costs
- Home renovations or accessibility upgrades
- Creating an emergency line of credit
- Reducing financial stress
Reverse mortgage funds are flexible and can be used for many purposes.
Common Reverse Mortgage Scenarios
1️⃣ Eliminating Monthly Mortgage Payments
A 72-year-old homeowner uses a reverse mortgage to pay off an existing loan, eliminating their monthly mortgage payment and improving retirement cash flow.
2️⃣ Covering Medical Expenses
A retired couple accesses equity as a line of credit to cover in-home medical care without selling their property.
3️⃣ Emergency Safety Net
A 68-year-old establishes a reverse mortgage line of credit that grows over time — providing protection against unexpected expenses.
Want to see how much equity you could access? Speak with a reverse mortgage specialist to review your options.
See How Much Equity You May Be Able to Access
Access generally tax-free funds and improve retirement cash flow.
Benefits of a Reverse Mortgage
- No required monthly mortgage payments
- Flexible payout options
- FHA-insured (HECM program)
- You keep full home ownership
- Improves retirement cash flow
- Non-recourse loan protection
Important Considerations
A reverse mortgage may not be right for every homeowner.
- Loan balance increases over time
- Home equity decreases
- Taxes and insurance must still be paid
- Heirs must repay or refinance to keep the home
A reverse mortgage specialist can help you review whether this option fits your situation.
Reverse Mortgage vs HELOC vs Cash-Out Refinance
| Feature | Reverse Mortgage (HECM) | HELOC | Cash-Out Refinance |
|---|---|---|---|
| Monthly Payments | No required payments | Required | Required |
| Age Requirement | 62+ | None | None |
| Income Requirements | Financial Assessment Required | Strict | Strict |
| Repayment | When home is sold or borrower leaves | Monthly | Monthly |
| Cash Flow Impact | Improves cash flow | Reduces | Reduces |
Not sure which option is right for you? Speak with a mortgage specialist to review your options.
What Our Clients Say
⭐⭐⭐⭐⭐ “My monthly mortgage payment was taking too much of my retirement income. The reverse mortgage allowed me to stay in my home comfortably.” — Eleanor M., Arlington, VA
⭐⭐⭐⭐⭐ “The reverse mortgage helped my father cover medical expenses without selling his home.” — John R., Washington, DC
Reverse Mortgage Frequently Asked Questions
What is a reverse mortgage?
An FHA-insured loan that allows homeowners age 62+ to convert home equity into cash without required monthly mortgage payments.
Do I still own my home?
Yes. You retain title and ownership.
When is the loan repaid?
When the home is sold, borrower moves permanently, or passes away.
Are reverse mortgage funds taxable?
Generally not taxable. Consult a tax professional.
Is counseling required?
Yes. HUD-approved counseling is mandatory.
Can heirs keep the home?
Yes — by paying off the balance or 95% of appraised value.
Is a Reverse Mortgage a Good Fit for You?
If you are 62 or older and want to:
✔ Stay in your home
✔ Improve retirement cash flow
✔ Eliminate monthly mortgage payments
✔ Access generally tax-free equity
We’re here to help.