Credit Union Mortgage Association, Inc.

Reverse Mortgage

What is a Reverse Mortgage?

A Reverse Mortgage is a unique loan that allows homeowners* age 62 years and older to convert part of the equity in their home into monthly income or cash, without having to sell their home, give up title, or take on additional monthly mortgage payments.
Several payment options are available for reverse mortgages:  

  • Monthly advances
  • Single lump sum payment
  • Line of credit
  • A combination of all these options

You can find more information on our website about reverse mortgages. Click the buttons in the menu to the right for information about the benefits, products available, and how to qualify. We also have information to better inform you about common misconceptions about reverse mortgages. When you’re ready, we provide a convenient online calculator to determine the amount for which you can qualify.

Ready to Apply?

To apply for a reverse mortgage or speak to a reverse mortgage specialist, please contact our office or click the big button to send us an email.

* Must own home as primary residence in District of Columbia, Florida, Georgia, Maryland, North Carolina, Virginia or West Virginia.

 

 

Proud Members of:

NRMLA
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