Reverse mortgages · HECM & jumbo
Retire in the house. Let the house help pay for it.
Turn equity into retirement cash flow with no monthly mortgage payment: FHA-insured HECMs from 62, jumbo options from 55 on select programs, a credit line that grows, and even purchases.
Program snapshot
Reverse mortgages at a glance
- Monthly mortgage payment
- none
- Age
- 62+ (55+ select jumbo)
- Paid as
- lump sum, income, or line
- Protection
- non-recourse HECMs
- Still yours
- title, taxes, insurance, upkeep
Reverse mortgages are subject to age, occupancy, equity, financial-assessment, and counseling requirements, which change without notice. Not an offer or approval.
You spent thirty years paying the house. Trade places.
We broker HECM and proprietary jumbo reverse programs through wholesale partners, quoted beside the HELOC and HEI alternatives so the whole menu is visible.
$0/mo
mortgage payment, by design
The mortgage that pays you
A reverse mortgage eliminates the monthly mortgage payment and turns equity into cash flow: a lump sum, monthly draws, a credit line, or a mix. You still own the home, and you still cover taxes, insurance, and upkeep, that part never changes.
- Lump sum, monthly income, or credit line
- No monthly principal-and-interest payment
- Taxes, insurance, and upkeep stay yours
grows
the credit line, every year
The line that gets bigger by waiting
The HECM credit line's unused balance grows over time, regardless of what your home's value does. Opened early and left alone, it becomes a compounding reserve for the decade you'll actually want it.
- Unused line grows annually
- Growth is contractual, not market-based
- A retirement reserve that can't be frozen
buy
your retirement home with it
HECM for Purchase
The least-known play in retirement housing: buy the right-sized home with roughly half down, and the reverse mortgage carries the rest with no monthly mortgage payment. Downsizers keep far more cash than a straight sale-and-buy.
- Roughly half down buys the home
- No monthly mortgage payment after
- The other half of the sale stays invested
The modern program, told straight
The product your parents were warned about got rebuilt. Here's what it looks like now.
Jumbo reverse, from age 55
FHA's HECM caps at the agency limit, but proprietary jumbo reverse programs lend on higher-value homes, into the millions, and select programs start at age 55 instead of 62. High-value homeowners get the same no-payment structure at their actual scale.
Non-recourse, in writing
HECMs are FHA-insured and non-recourse: neither you nor your heirs ever owe more than the home's value at payoff. Heirs choose: keep the home by paying the balance, sell and keep any surplus equity, or walk away clean.
Spouse and heir protections
Eligible non-borrowing spouses can remain in the home after the borrower passes, and the estate gets time and options at payoff. The horror stories are largely artifacts of an older era; the modern program is built around these protections.
Counseling is required, and that's good
Every reverse borrower completes an independent HUD-approved counseling session before anything signs. We like it that way: an educated decision is the only kind worth closing, and we'll have answered every question before the session anyway.
A careful process, on purpose.
- 1
Talk through the goal
Income, a reserve, ending a payment, or buying the retirement home. The goal picks the structure.
- 2
See the numbers and get counseled
Quotes across HECM and jumbo programs, then the required independent counseling session, questions already answered.
- 3
Close and breathe easier
The monthly mortgage payment ends or the purchase closes, and the equity starts working for the people who built it.
The quick eligibility check.
- Age 62+ (55+ on select jumbo programs)
- Primary residence
- Lump sum, monthly draws, or credit line
- HECM for Purchase available
- Non-recourse, FHA-insured HECMs
- Independent counseling required
Younger than the age gate, or prefer other structures? HELOCs and home equity loans carry payments but cost less, and a home equity investment trades appreciation instead of charging interest. We quote every door you're eligible for.
Straight answers
How does a reverse mortgage actually work?
It's a loan against your equity with no monthly mortgage payment: interest accrues onto the balance instead, and the loan repays when you sell, move out, or pass away. You keep title and ownership, and you keep the homeowner obligations too: property taxes, insurance, and maintaining the home.
Can the bank take my house?
Not while you live there, pay your taxes and insurance, and keep the home up. Those obligations are the real rules of the product, and the highest-profile problems trace to missing them. Budgeting for taxes and insurance is part of every quote we run.
What happens to my kids' inheritance?
The loan balance comes out of the home's value at payoff, and everything above it belongs to the estate. HECMs are non-recourse, so heirs never owe more than the home is worth: they can keep it by paying the balance, sell and keep the surplus, or hand back the keys with nothing owed.
What's this credit line growth I keep hearing about?
The HECM line's unused portion grows each year at the loan's rate, by contract, regardless of home values. Opened in your early 60s and left untouched, it can become a substantially larger reserve by your 70s, which is why planners treat it as a standby asset rather than a last resort.
Can I really buy a house with a reverse mortgage?
Yes: HECM for Purchase. Bring roughly half the price, often from selling the previous home, and the reverse carries the rest with no monthly mortgage payment. Downsizers land in the right home with the other half of their proceeds still liquid.
My home is worth well over the FHA limit. Am I capped?
No. Proprietary jumbo reverse programs lend on high-value homes into the millions, and select versions start at age 55. The structures differ from HECM in places, and we walk the differences honestly.
Is a reverse mortgage better than a HELOC or an HEI?
They're different tools: the HELOC is cheapest if you can carry a payment, the HEI takes no payment but a share of appreciation, and the reverse takes no payment while preserving ownership economics, at age-gated eligibility. We quote whichever doors you're eligible for, side by side, and tell you which we'd pick in your seat.
The house owes you one.
Two minutes to start the conversation. No cost, no obligation, no pressure, and every question answered before the counseling session asks it.
Guthix Lending • NMLS# 2672037 · We are not affiliated with or acting on behalf of FHA, HUD, or any government agency, and reverse mortgage proceeds are loan advances, not government benefits. A reverse mortgage is a loan secured by your home: the balance grows over time as interest and fees accrue, reducing remaining equity, and the loan becomes due when the last borrower no longer occupies the home as a primary residence. Borrowers remain responsible for property taxes, homeowners insurance, and maintenance; failure to meet those obligations can trigger default. HECMs require HUD-approved independent counseling and are subject to age, equity, and financial-assessment requirements; proprietary jumbo programs vary. Credit-line growth applies to unused HECM line balances per program terms. Consult your financial advisor and family. Not all borrowers will qualify. This is not a commitment to lend or an offer of specific terms.