The HomeSafe suite of jumbo reverse mortgages offers homeowners 55+* flexible and strategic options for getting the most out of their home’s equity, including loans up to $4 million.
*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.
HomeSafe offers an alternative to the traditional home equity conversion mortgage (HECM) along with unique features that provide greater financial flexibility.
Create liquidity without selling assets
Access significant home wealth without the need to sell assets or take on a home equity loan with a monthly mortgage payment.
Preserve investments and minimize taxes
Unlock tax-free cash to reduce your draw from taxable retirement and investment accounts, allowing them to keep growing.*
Boost purchasing power on a second home
Put down only a portion of a home purchase price in cash and cover the rest with loan proceeds.
Achieve your retirement dreams
Take the trip of a lifetime, pursue hobbies and passions, or spend your unlocked home equity virtually any way you wish.
*The borrower must meet all loan obligations, including living in the property as the principal residence, maintaining the home, and paying property charges, including property taxes, fees, hazard insurance. If the homeowner does not meet these loan obligations, then the loan will need to be repaid.
As a HomeSafe borrower, you can pick up the phone and speak directly with a member of our Borrower Care team who is familiar with your loan and financial goals.
In addition to answering questions and concerns related to your loan, the Borrower Care team offers extra assistance with filling out forms, active loan monitoring to keep your loan in good standing, and periodic check-ins to ensure you’re absolutely satisfied with your HomeSafe experience.
HomeSafe is a proprietary jumbo reverse mortgage available to homeowners 55+* that converts up to $4 million in home equity into usable cash. If you have an existing mortgage, HomeSafe first uses loan proceeds to pay it off, eliminating your required monthly mortgage payment.** You can receive remaining available funds as a lump sum or line of credit, with fixed or variable interest rates, on loans starting at $200,000. Learn More
*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 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.
HomeSafe eliminates your monthly mortgage payment, if applicable, and loans you up to $4 million in home equity, with no monthly mortgage payments required.* You can receive these funds via a lump sum, monthly payouts, a line of credit, or a mix of all three.
*The borrower must meet all loan obligations, including living in the property as the principal residence, maintaining the home, and paying property charges, including property taxes, fees, hazard insurance. If the homeowner does not meet these loan obligations, then the loan will need to be repaid.
HomeSafe is for homeowners 55+* who wish to maximize the power of their home equity. For those with higher home values and substantial equity, it can be a strategic option for creating liquidity, preserving investment accounts, purchasing a new home, and achieving retirement dreams.
*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.
While both HomeSafe and HECMs allow homeowners to convert home equity into cash, HomeSafe offers greater borrowing potential and is available to eligible homeowners as young as 55+*. HECMs are government-insured loans for homeowners age 62+ and are subject to FHA loan limits and mortgage insurance requirements.
*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.
A HomeSafe loan is repaid when the homeowner moves out, doesn’t meet the loan conditions, or passes away. The loan can be settled by selling the house or by using other assets if the borrower or heirs prefer to keep the house. Most importantly, the borrower or heirs won’t owe more than the home’s value when the loan becomes due and the home is sold.
While a reverse mortgage doesn’t require monthly mortgage payments*, there is an important tradeoff to understand. Like any loan, a reverse mortgage charges interest. If you choose not to make payments, the interest is added to the loan balance over time, which means the amount owed can grow.
The good news is that you can pay as much or as little as you’d like—including nothing at all. Any payments you make can help reduce the amount of interest that accrues, slow the growth of the loan balance, and preserve more of your home equity.
*The borrower must meet all loan obligations, including living in the property as the principal residence, maintaining the home, and paying property charges, including property taxes, fees, hazard insurance. If the homeowner does not meet these loan obligations, then the loan will need to be repaid.
No—you keep ownership of your home with a HomeSafe reverse mortgage as long as you meet all loan obligations, including meeting all loan obligations under the first lien 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. Learn More
Loans up to $4 million available for certain HomeSafe products. The HomeSafe reverse mortgage is a proprietary product of Finance of America and is not affiliated with the Home Equity Conversion Mortgage (HECM) program. Not all HomeSafe products are available in every state. Please contact us for a complete list of availability.
