Estimate only. This is not a loan offer, rate quote, commitment to lend or approval. Lender limits, appraised value, credit, income and program rules decide what you may qualify for. Programs vary by borrower, property and investor.
What this tool does and does not do
The amount available from a Home Equity Conversion Mortgage (HECM) is figured from the age of the youngest borrower, current interest rates and the HUD lending limit, and any existing mortgage is paid off first. Because those factors change, this tool does not guess a payout. It checks the age requirement and shows the equity a reverse mortgage would draw on.
Required before any HECM
- Counseling with a HUD-approved housing counseling agency
- The home must be your primary residence
- You must keep paying property taxes, homeowners insurance and upkeep, or the loan can become due
- The balance grows over time and is repaid when the last borrower leaves the home
A licensed loan officer can review your situation. Programs vary by borrower, property and investor.
Start your application in a few minutes. A licensed loan officer reviews it and follows up with your options.
- Takes a few minutes
- Reviewed by a licensed loan officer
- No obligation to proceed
Our online application is being set up. Call now and a licensed loan officer will take your application by phone.
Apply by phone: (888) 912-6746Prefer to talk first? Call (888) 912-6746. Applying is not a loan approval or commitment to lend; programs vary by borrower, property and investor. ClearPoint Mortgage Advisors, NMLS #173855. Properties in FL, NY, NJ, PA, CT and VA only.
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