Help During & After COVID-19
We are Here to Help Members Affected by COVID-19
If you are affected by COVID-19, we are here to help. We understand that this may impact your ability to make your mortgage payments. Please contact one of our representatives to learn more about the options that may be available to you. Speak to a representative: Call 800-231-8855, Monday-Friday, 8:30 a.m. - 5:00 p.m. Eastern Time or click this to send us an email message. You may also contact the Homeowner’s HOPE Hotline at 1-888-995-HOPE (4673) for assistance and FREE confidential support from a HUD-approved housing counselor.
Reverse Mortgages: Benefits
Benefits of a Reverse Mortgage
Our reverse mortgage products provide a wide variety of benefits for members who qualify. These benefits include:
- No monthly mortgage payments required
- Flexible payment options available
- Non-recourse loan**
- Refinance existing mortgage
- Supplement existing income
- Pay for healthcare or in-home care
- Home improvements
- Consolidate debt
- Take a vacation or buy a car
*Borrower must keep current with property taxes, homeowners insurance, homeowner association fees, and maintain home in good condition.
**If the loan balance exceeds the value of the home you and/or your heirs are not responsible for the difference.
Must own home as primary residence in DC, FL, GA, IL, KY, MD, NC, OH, OR, PA, SC, TN, VA & WV.