Loading depends on your connection speed!

Reverse Mortgages

A reverse mortgage maybe one way to generate funds to help you pay off an existing mortgage, eliminate credit card debt, medical and other bills or simply improve your lifestyle.

What is a Reverse Mortgage?

A reverse mortgage, also called a Home Equity Conversion Mortgage (HECM), is a way to turn the equity locked in your home into tax-free cash (consult your financial advisor) without having to make any monthly mortgage payments. The funds you receive can be used for almost anything, including paying off your existing mortgage (required as a part of the loan), eliminating credit card debt, medical and other bills, or simply improving your lifestyle.

A reverse mortgage is a government-insured loan that enables you to gain financial independence from your ever increasing living expenses. The most important thing to remember is that the bank NEVER owns your home. You continue to own your property and can live there as long as you wish. All you need to do is maintain the property and continue paying your home insurance and property taxes.

How do I qualify?

It’s simle and easy - qualification is based on these important factors:

  • You must be 62 years old or older, and
  • You must live in and own your home. (It must be your principal residence.)

If the above qualifications apply to you, we then calculate the amount of money you are eligible to receive based on your age, the appraised value of your home and current interest rates.

What can a Reverse Mortgage be used for?

The proceeds from a reverse mortgage can be used for almost anything:

  • Increase monthly cash flow
  • Pay off an existing mortgage (required as part of the loan)
  • Pay credit card bills
  • Pay medical bills
  • Fund home repairs and improvements
  • Pay property taxes and home insurance
  • Travel
  • Gifts

Contact a mortgage loan officer to go over any questions you may have or call our Mortgage Call Center at 1.888.993.8754.



All mortgage programs are subject to change at any time. All mortgage programs are subject to applicant qualification and loan approval.

Mortgage Rates

Looking to purchase a home? Click here to see our mortgage rates.

Financial Resources

From calculators to savings and planning for retirement, our Financial Resources has the tools and tips you need.


Proudly supporting our communities and the causes that touch them since 1902.