Help During & After COVID-19
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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 CO, DC, FL, GA, IL, KY, MD, MS, NC, OH, OR, PA, SC, TN, VA & WV.