Reverse mortgages explained

Convert a portion of your home equity into cash without required monthly payments1
For eligible homeowners 55+2
A strategic tool for creating financial flexibility

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 it works

If you’ve built up significant equity in your home, a reverse mortgage may allow you to borrow money against that equity, which can be used virtually any way you see fit. 

Access cash with no new monthly payments1

Receive your funds as a lump sum, in installments, or through a line of credit – based on your home’s value, your age, and loan terms – while keeping ownership and remaining in your home3, which serves as collateral for the loan.

Enjoy Life’s Possibilities

Your home’s equity can provide the financial flexibility to support your goals—whether it’s funding home improvements, consolidating debt, covering medical expenses, investment properties or even taking a long overdue vacation. The possibilities are endless.

Pay it back later

The reverse mortgage is typically repaid when you move out of the home, pass away, or no longer meet the loan terms. At that time, you or your heirs can choose to repay the loan and keep the home—or sell it and keep any remaining equity after the loan is settled.

Get your instant estimate

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.

Two decades of helping homeowners thrive

Helping homeowners nationwide eliminate monthly mortgage payments and enjoy retirement with simple, stress-free guidance every step of the way.

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 customers4

Best Reverse
Mortgage Lender5

Best Reverse Mortgage
Companies 20256

We’re ready to help

Call us at (877) 632-1183 or fill out the form below to connect with a licensed reverse mortgage professional. Receive a no-obligation estimate, and explore your options with someone who understands your specific situation.

All fields are required.

This field is hidden when viewing the form
First name*
Last name*
This field is hidden when viewing the form
This field is hidden when viewing the form
This field is hidden when viewing the form
This field is hidden when viewing the form
This field is hidden when viewing the form
This field is hidden when viewing the form
This field is for validation purposes and should be left unchanged.

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.

2Minimum 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.

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.

4As of October 2025. 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.

";