A Reverse Mortgage, also known as a Home Equity Conversion Mortgage (HECM), is a federally‑insured program designed for homeowners 62 and older.
It allows eligible borrowers to convert a portion of their home's equity into usable funds without giving up ownership or requiring monthly mortgage payments. Borrowers remain responsible for property taxes, homeowners insurance, and home maintenance.
Eligible homeowners can receive funds based on a portion of their home's equity, subject to program limits and property requirements.
Borrowers are not required to make monthly mortgage payments. They must continue to pay property taxes, homeowners insurance, HOA dues (if applicable), and maintain the home.
Borrowers retain ownership and may continue living in the home as their primary residence as long as program obligations are met.
Funds may be available as a lump sum, line of credit, monthly disbursements, or a combination—depending on program guidelines.
HECM loans are insured by the Federal Housing Administration (FHA), providing consumer protections and regulated program standards.
Borrowers or heirs will never owe more than the home's value at the time of sale, even if the loan balance exceeds the property value.
Texas homeowners age 62+ choose reverse mortgages for flexibility, retirement support, and the ability to remain in their homes while accessing a portion of their equity. Whether supplementing retirement income, planning for future expenses, or reducing monthly obligations, a reverse mortgage provides a structured and secure option.
Talk to Kay about your options — one conversation, no obligation.
📞 Call 817-456-3555 Apply NowThis is not a commitment to lend. All loans are subject to credit approval, property eligibility, counseling requirements, and program guidelines. Terms and conditions may change without notice. Not all applicants will qualify.
Borrowers must be at least 62 years old, occupy the home as their primary residence, complete HUD‑approved counseling, and remain current on property taxes, homeowners insurance, and home maintenance.
We are an Equal Housing Lender. Housing discrimination is prohibited by federal law.
Verify a mortgage company or individual license at: www.nmlsconsumeraccess.org
Consumers wishing to file a complaint against a mortgage banker or licensed residential mortgage loan originator should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending. Forms and instructions are available at www.sml.texas.gov.