Reverse mortgages explained

A reverse mortgage is a loan that converts a portion of home equity into cash without required monthly payments.1 For eligible homeowners 55+2, 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.

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 a free 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.

10,000+ customers rate us 4.7 stars

For over 20 years, homeowners across the country have trusted us to help accomplish their goals and live retirement to its fullest.

March 6, 2025

The loan process was simple and straightforward

The representatives were knowledgeable, helpful and informative. Documents were requested early in the application process any there were no repeated requests.

March 6, 2025

From the beginning to the end

From the beginning to the end, I was impressed with the professionalism, honesty, knowledge from Finance of America. I was always informed and kept abreast every step of the way. Every call was answered or returned with a few minutes. All the numbers that were given matched up in the end.

February 5, 2025

My Reverse Mortgage Experience

Both, loan officer and loan processor provided exellent customer service all the way until my loan got closed. They were the nicest and friendliest professionals i have dealt with for a long time. A Reverse Mortgage with Finance of America is a good product. I am very happy with my decision to go with this company.

January 29, 2025

Great people to work with

Every person I spoke with was professional, helpful, knowledgeable, and friendly. I was kept advised of everything through the entire process. I would not hesitate to recommend this company.

January 25, 2024

Above my expectation!

This experience was so far above my expectations. Carla Fair made this process so easy and alleviated so much stress in my life. I’m disabled and house bound. At every point Carla was caring, helpful, empathetic, knowledgeable and just plain GREAT! I will refer everyone I know to her.

January 1, 2025

The entire process was made simple…

The entire process was made simple by those people whom I talked. From start through the end, they explained everything, and everyone was friendly and knowledgeable. I would recommend to anyone. Start to closing took about a month and 1/2 which is rather fast compared to past experiences.

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

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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 specialist. Receive a no-obligation estimate, and explore your options with someone who understands your specific situation.

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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.

2For 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.

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 May 2025. Rating based on verified reviews from Trustpilot.com

5Finance of America is listed as Best Reverse Mortgage Lender by Bankrate in this article, published January 2025.

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