🏠 This residential loan program is exclusively available for Texas borrowers.
Reverse Mortgage (HECM)
Convert your home equity into tax-free income — no monthly payments required.
Apply for This LoanOverview
A reverse mortgage (HECM — Home Equity Conversion Mortgage) allows homeowners 62+ to convert their home equity into cash without making monthly mortgage payments. The loan is repaid when the home is sold, the borrower moves out, or passes away. Backed by HUD and FHA, it's a powerful retirement planning tool.
- No monthly mortgage payments required
- Tax-free proceeds (consult a tax advisor)
- Borrower stays in home as long as they wish
Loan Specifications
Based on age and equity
$1,149,825 (2024 HECM limit)
Loan due when home sold or vacated
40–75% depending on age and rates
No monthly payments required
Fixed or Adjustable
Eligibility Criteria
- All borrowers must be 62 or older
- Primary residence only
- Must own the home outright or have significant equity
- Must complete HUD-approved counseling before applying
- Property must meet HUD minimum standards
Required Documents
Documents are uploaded through our encrypted secure portal, stored on Cloudflare R2 enterprise storage, and only accessible to your assigned broker via a private link. Never shared with third parties.
- Government-issued ID and proof of age (62+)
- Proof of homeownership
- Evidence of existing mortgage (if any)
- Income/asset documentation
- HUD counseling certificate (mandatory)