Reverse Mortgages
This program is available to those who are 62 years of age or older. The Reverse Mortgage Program is designed to allow elderly homeowners to access the equity in their homes to:
- Pay property taxes
- Assist with outstanding mortgages or liens
- Provide income for home maintenance and repairs
- Provide additional monthly income to pay for food, medicine/prescriptions, medical bills and to meet other needs for the elderly homeowner
The counseling program provides the required counseling and certificate for both FHA as well as Fannie Mae Reverse Mortgage Programs.