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The Home Equity Conversion Mortgage (HECM) is a loan program insured by the Federal Housing Administration (FHA) and trusted by hundreds of thousands of Americans 62 years of age or older. Commonly referred to as a "Reverse" mortgage that allows homeowners to access the equity in their current home, the HECM can also be used as a purchase loan.


HECM Refinance to withdraw equity in your current home

HECM Purchase with less stringent credit & income requirements

If you are a homeowner age 62 or older and have paid off your mortgage or paid down a considerable amount of the home you live in, you may participate in FHA's HECM program to withdraw a portion of your home's equity.

Borrowers 62 or older can also use a HECM to purchase a primary residence with less stringent income and credit requirements of a traditional mortgage.


  • Access the equity in your current home
  • Purchase loans with less stringent requirements 
  • No monthly payments and no repayment is required*
  • Tax-free cash for whatever the buyer wishes to spend it on – medical expenses, home renovations, travel & leisure, consolidating debt and more 

*Borrower is responsible for the taxes, insurance and maintenance of the property but there are no principle or interest payments as long as borrower resides in the home. 



  • Borrower must be at least 62 years old
  • Property must be owner-occupied as a principal residence
  • Not be delinquent on any federal debt
  • Have financial resources to make timely payment of ongoing property charges such as property taxes, insurance and Homeowner Association fees, etc.

Contact Us!

To make sure our clients make the most informed financial decisions, we provide all the information and answers. Contact Curt Larson, Vice President of Reverse Mortgage Lending at or 602-633-0372 today to find out more.