This information is not intended to be a substitute for legal, tax or financial advice. Consult with a qualified attorney, accountant or financial advisor for additional legal or tax advice. These materials are not from HUD or FHA and were not approved by HUD or a government agency. * There are some circumstances that will cause the loan to mature and the balance to become due and payable. The borrower(s) must continue to pay for property taxes and insurance and maintain the property to meet HUD standards or risk default. Credit is subject to age, minimum income guidelines, credit history, and property qualifications. Program rates, fees, terms and conditions are not available in all states and subject to change.
I am licensed nationwide to provide reverse mortgages in Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming. Not all loans or products are available in all states. Obtain more information on my employer by clicking here.
*Always consult with your tax advisor, financial planning professional, or real estate professional. Payment of property taxes, homeowner's insurance, HOA dues (if applicable) and general maintenance of the property is required. Failure to abide by the terms and conditions of the loan could result in the loan being called due and payable, which could ultimately lead to foreclosure. Americans are living longer and without a good plan, you could outlive your money (tenure payments are guaranteed). These materials are not from HUD or FHA and were not approved by HUD or a government agency. Reverse Mortgages are neither endorsed nor approved by the federal government. The Federal Housing Administration (FHA) provides certain insurance benefits for lenders and borrowers in connection with the lender’s reverse mortgage or HECM loans; the FHA does not make or originate loans. A reverse mortgage is a home loan, not a government benefit.