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Eliminate your current mortgage payments with home equity

Eliminate your current mortgage payments with home equity

For over 20 years, Finance of America has helped homeowners unlock equity through reverse mortgages—removing the burden of monthly mortgage payments.1

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Excellent 4.7 out of 5 stars2

1The borrower must meet all loan obligations, including 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.

Imagine freeing up your monthly cash flow to truly enjoy retirement.

Transform your monthly mortgage burden into financial breathing room while keeping your most valuable asset.

End monthly payments1

Without monthly mortgage payments, you can put that money toward healthcare, travel, or family.

Stay in your home3

Keep living in the home you love, surrounded by the memories and comfort you’ve built over the years.

Maintain independence

Stay independent in your own home instead of downsizing or moving to assisted living.

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1The borrower must meet all loan obligations, including 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.


3The right to remain in the home is contingent on paying property taxes and homeowner’s insurance, maintaining the home, and complying with the loan terms.

10,000+ customers rate us 4.7 stars4

For over 20 years, homeowners across the country have trusted us to help eliminate mortgage payments and live retirement to its fullest.

August 5, 2025

All options were explained clearly and…

All options were explained clearly and concisely making the entire process quite easy from our end. I highly recommend requesting Brittany Hodge as your servicer as she is outstanding and moved things along VERY quickly.

August 3, 2025

Beyond expectations

The loan officer who guided me through the process was the most important element in this loan. We develop trust in each other. This was the second time I have had a reverse mortgage. I closed one out about ten years ago when I lived in a different state. I was already somewhat educated in the process but was blown away by the service I received.

August 3, 2025

Great customer service

The customer service provided was exceptional. Paul Jervis explained the procedures of my reverse mortgage every step of the way. He answered any questions I had and always responded to my phone calls or emails. I am very pleased that I chose Finance of America for a reverse mortgage.

July 29, 2025

Best Decision for Senior Citizens

Our agent was so helpful in explaining everything about the process. At our age and with our home being paid off it was the right decision to go forward to help us stay in our home which we have lived in for over 50 years. The process was smooth and everything explained along the way. We are thrilled with the decision and deciding on Finance of America.

July 28, 2025

They do everything right

They are so understanding and helpful explaining the whole process in detail. Alexis is the best! He never gave up on me, I had a few problems with family and he totally understood. Cassidy and Kathy were wonderful as well I can’t say one bad thing about anyone. I would recommend this Company to everyone.

July 24, 2025

Everything was made easy

Todd was especially helpful in explaining the details. It was also nice to have the informative class that was required before jumping into this without, knowing the facts. Made the experience comfortable without worry. All people involved were competent, and able to answer my questions, to make sure I was comfortable with the loan.

July 24, 2025

Great Communication with Finance of America…

Communication with Finance of America was great. We were informed at every aspect of the transaction so that it went smoothly and as expected. There were no unexpected delays. We highly recommend them should other seniors want to pursue a reverse mortgage.

July 22, 2025

From the first contact to the final…

From the first contact to the final process the friendliness and support the staff offered was great the follow up was there everything was well explained the company sending people to inspect and finalize the process was great and the timeline great

July 17, 2025

We were skeptical in the beginning

Having spoken to 2 family members and a dear friend who had taken advantage of the plan. They both were satisfied. We needed to be assured at our ages that we could remain in our home and not worry about a mortgage each month. Our Loan officer was very patient and knowledgeable.

5-star reviews selected from Trustpilot. To see all reviews go to TrustPilot.com

Better Business Bureau®
A+ rated and accredited

4.7 Stars by
verified customers2

Best Reverse
Mortgage Lender5

Best Reverse Mortgage
Companies 20256

What can I use a reverse mortgage for?

You can use your funds virtually however you choose. Whether planning ahead or catching up, a reverse mortgage could help ease financial stress. Here are some popular ways to put your equity to work:

Increase cash flow

Eliminate your existing monthly mortgage payment1 and increase your cash flow by converting your home’s equity into cash.

Cover medical expenses

Instead of draining your savings, you can use the equity to help pay for ongoing medical expenses and in-home caretakers.

Pay off higher-interest debt

Address higher-interest debt like credit cards, auto loans, and personal loans—to reduce monthly payments and create financial breathing room.

Build a financial safety net

Prepare for unexpected expenses and emergencies, and enjoy greater peace of mind.

Fund home improvements

Pay for renovations or repairs to make your home safer, more enjoyable, and better for your lifestyle.

Kickstart your retirement journey

Give yourself the financial flexibility to work less, live more, and start truly enjoying retirement.

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1The borrower must meet all loan obligations, including 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.

How does a reverse mortgage work?

How does a reverse mortgage work?

A reverse mortgage is a loan that converts a portion of home equity into cash without required monthly payments.1 For eligible homeowners 55+7, it can be a strategic tool for creating financial flexibility and accomplishing the goals that matter most.

1The borrower must meet all loan obligations, including 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.

Frequently asked questions

Your existing mortgage will be paid off completely with proceeds from the reverse mortgage as a requirement of the loan. This eliminates your monthly mortgage payments*, freeing up that money for other needs like home upgrades, medical expenses or helping loved ones financially.

*The borrower must meet all loan obligations, including 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.

With a reverse mortgage, you — not the lender — own and control your home. You can’t be removed from the home so long as you uphold the terms of the loan. As with a traditional forward mortgage, the lender simply puts a lien on the property to ensure the loan will be repaid.

For starters, you’ll typically need to be a homeowner age 62 or older. However, Finance of America also offers exclusive options in certain states for homeowners as young as 55*. You’ll generally need about 50% equity in your home and must complete a financial assessment to ensure you can meet the loan’s terms. Additional requirements apply—speak with a loan officer for the complete list.

*For certain HomeSafe products only, excluding Massachusetts, New York, and Washington, where the minimum age is 60, and North Carolina and Texas where the minimum age is 62.

The loan ends when the last borrower—or an eligible non-borrowing spouse—passes away or no longer lives in the home. At this time, the loan principal and all accrued interest must be repaid. You or your heirs will have the option to repay the balance through the sale of the home or by paying off the mortgage balance with other funds. If the loan balance exceeds the home’s value, you or your heirs can also sign over the home’s title to the lender and walk away.
No. A reverse mortgage is a “non-recourse” loan, which means that if you default on the loan, or if the loan cannot otherwise be repaid, the lender can only enforce the debt through the sale of the property and cannot look to your other assets (or your estate’s assets) to meet any outstanding balance. If the loan balance is higher than the home’s value, your heirs will not be responsible for paying the difference when the home is sold to repay the balance.
Apart from mandatory reverse mortgage counseling costs and FHA insurance (on certain loans only), the fees for a reverse mortgage are generally the same as those for a traditional forward mortgage. It’s also important to remember that with a reverse mortgage, most fees are added to the loan balance, which means you pay little out-of-pocket upfront.

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, 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.

2As of August 2025. Rating based on verified reviews from Trustpilot.com.

3The right to remain in the home is contingent on paying property taxes and homeowner’s insurance, maintaining the home, and complying with the loan terms.

4Based on reviews from Trustpilot and other sources.

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.

7For certain HomeSafe products only, excluding Massachusetts, New York, and Washington, where the minimum age is 60, and North Carolina and Texas where the minimum age is 62.

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