Reverse Mortgage Programs
Reverse Mortgage FHA Programs for Seniors
- You own the home and deed like a conventional mortage. All the equity balance is yours or your heirs.
- Easier income qualifications for seniors on social security.
- No required monthly principal or interest payments — Preserve cash flow in retirement, as repayment is deferred until you sell, move out, or pass away.
- Flexible draw-as-needed access — Borrow only what you need for expenses like healthcare or home improvements, with funds available for life as long as you live in the home.
- Protected against home value drops — Non-recourse feature ensures you (or heirs) never owe more than the home's worth; the line can't be frozen or reduced due to market changes.
NEW! Reverse Mortgages for Luxury Homes
- No holdbacks: No first-year draw limits.
- More funds: Up to $4M in cash or line of credit.
- Lower Cost: No 2% Upfront FHA mortgage insurance
- Flexible use of funds: (Investments, RVs, HI, etc
- Live in your home for life - non-recourse protection.
About
- I have twenty years of experience as a Mortgage Loan Officer in Conventional and FHA Loans
- I specialize in Reverse Mortgage Purchase and Refinance.
- Rocco Sansone - NMLS ID: 1723468
- Encompass Mortgage Services Inc. - NMLS ID: 1614463
