Make no new monthly mortgage payments1

keep your low-rate first mortgage

HomeSafe Second2 is a reverse second mortgage that gives homeowners 55+3 a way to unlock home equity while keeping their current mortgage exactly as-is.

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1The borrower must meet all loan obligations, including meeting all loan obligations under the first lien mortgage, living in the property as the principal residence and paying property charges, including property taxes, fees, hazard insurance. The borrower must maintain the home. If the homeowner does not meet these loan obligations, then the loan will need to be repaid.

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A+ rated and accredited business
Best Reverse Mortgage Lender5
Best Reverse Mortgage Companies6

How HomeSafe Second works

What you get

Now
  • You could access anywhere from $50K7 to $1M in home equity
  • No refinancing your current mortgage. Your current mortgage stays as-is
  • No new monthly mortgage bill added to your budget1

What happens over time

Later
  • Interest accrues over time but no new monthly mortgage payments are required1
  • Repay on your schedule — when you sell, move, or pass the home to heirs
  • You’ll never owe more than the home’s value
Learn moreGet prequalified

1The borrower must meet all loan obligations, including meeting all loan obligations under the first lien mortgage, living in the property as the principal residence and paying property charges, including property taxes, fees, hazard insurance. The borrower must maintain the home. If the homeowner does not meet these loan obligations, then the loan will need to be repaid.

Ways HomeSafe Second could help

Our borrowers have put HomeSafe Second funds to work in all kinds of ways. Here are the most common:

Address higher-interest debt

Pay down higher-interest consumer debt, like credit cards and personal loans.

Fund home improvements

Make repairs and upgrades that help you stay comfortable in the home you love.

Manage household bills

Support cash flow needs and everyday expenses, like utilities and groceries.

Cover medical expenses

Manage medical bills, in-home care, or unexpected costs.

How HomeSafe Second compares

Here’s how it stacks up against other ways to access your home equity.

Comparison chart Comparison chart tablet Comparison chart mobile
Learn more
Get prequalified

1The borrower must meet all loan obligations, including meeting all loan obligations under the first lien mortgage, living in the property as the principal residence and paying property charges, including property taxes, fees, hazard insurance. The borrower must maintain the home. If the homeowner does not meet these loan obligations, then the loan will need to be repaid.

8Terms vary by lender.

Is HomeSafe Second right for you?

Get a quick overview below, or dive into our decision guide for the full picture.

Could be good for:

  • Keeping a low mortgage rate in place
  • Avoiding a new monthly bill1
  • Homes with significant built-up equity
  • Tapping equity for planned or unexpected costs

May not be right for:

  • Homeowners looking to move soon
  • Homes with limited available equity
  • Those unable to maintain the condition of their home.

Not sure? A specialist can help you decide.

Speak to a specialist Get prequalified

1The borrower must meet all loan obligations, including meeting all loan obligations under the first lien mortgage, living in the property as the principal residence and paying property charges, including property taxes, fees, hazard insurance. The borrower must maintain the home. If the homeowner does not meet these loan obligations, then the loan will need to be repaid.

The questions worth asking before you decide

Browse articlesSpeak to a specialist
No—you keep ownership of your home with a HomeSafe Second reverse mortgage. You can remain in your home as long as it’s your primary residence and you stay current on property taxes, homeowner’s insurance, and basic property maintenance. The lender cannot take your home just because the loan balance grows.
HomeSafe Second is a reverse mortgage that lets you access your home equity without replacing your current mortgage. You can receive funds as a lump sum or non-revolving line of credit9 up to your approved limit. You’re not required to make monthly mortgage payments1 as long as you meet loan obligations like paying property taxes, insurance, and maintaining your home. The loan balance grows over time and is typically repaid when you sell the home or no longer live in it. Learn More

1The borrower must meet all loan obligations, including meeting all loan obligations under the first lien mortgage, living in the property as the principal residence and paying property charges, including property taxes, fees, hazard insurance. The borrower must maintain the home. If the homeowner does not meet these loan obligations, then the loan will need to be repaid.
HomeSafe Second is designed for homeowners age 55+2 who want to access their home equity while staying in their home and keeping their current mortgage. It may be a good fit if you’re looking to pay off higher-interest debt, fund home improvements, cover medical expenses, or manage everyday household bills—without taking on required monthly mortgage payments1. Learn More

1The borrower must meet all loan obligations, including meeting all loan obligations under the first lien mortgage, living in the property as the principal residence and paying property charges, including property taxes, fees, hazard insurance. The borrower must maintain the home. If the homeowner does not meet these loan obligations, then the loan will need to be repaid.
You don’t have to repay your HomeSafe Second loan on a set timeline. Repayment is typically due when you sell your home, move out, or pass the home to your heirs. As long as you meet your loan obligations, you can stay in your home. You’ll never owe more than the value of your home at the time of repayment. Learn more

Explore your options, your way

Thousands of homeowners have used HomeSafe Second to fund what’s next without giving up what they’ve built.

  • Is HomeSafe Second right for you?

    Learn more, explore examples, and use our decision worksheet.

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    Use our calculator for a quick estimate with no personal information required.

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All three options are free. We never share your information or pressure you into a decision.

Important legal disclaimers

1The borrower must meet all loan obligations, including living in the property as the principal residence and paying property charges, including property taxes, fees, and hazard insurance. The borrower must maintain the home. If the homeowner does not meet these loan obligations, then the loan will need to be repaid.



2The HomeSafe reverse mortgage is a proprietary product of Finance of America and is not related to the Home Equity Conversion Mortgage (HECM) program. HomeSafe products are only available in certain states. Please contact us for a complete list of availability.

3Minimum age requirements vary by state and loan type. 62 is the minimum age for a HECM. Certain proprietary products have minimum ages as low as 55.

4As of March 2026. Rating based on verified reviews from Trustpilot.com

5Finance of America is listed as Best Reverse Mortgage Lender by Bankrate in Best reverse mortgage lenders in 2025

6Finance of America is listed as Best Reverse Mortgage Companies by money.com in Finance of America Reverse Mortgages Review. Finance of America is a paid advertiser with money.com.

7The minimum loan amount is $50,000, except in Oregon ($50,000.01) and Utah ($70,000).

9While HomeSafe Second Line of Credit permits amounts up to the total principal limit to be accessed in multiple or staged draws, the product is closed-end, meaning redraws of amounts repaid are not permitted. HomeSafe Line of Credit is not a revolving loan product. Available to borrowers in California.