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Reverse Mortgage

What is a reverse mortgage?

Happy Senior Couple

A reverse mortgage is a home loan (used for any purpose) where seniors, 62 and older, can access the equity (cash) built up in their homes.  There are several different reverse mortgage programs. Fannie Mae Home Keeper®, Jumbo Cash-Out loan, and the HUD-insured Home Equity Conversion Mortgage (HECM) are three such programs. As demand increases, more reverse mortgage programs from different organizations will become available. It is called a reverse mortgage because you borrow money from a lender, but the lender initially either gives you a lump sum, or makes monthly payments to you, rather than you making monthly payments to the lender. All interest is paid at the end of the loan, rather than in the beginning. Also, unlike traditional loans, you can never owe the lender more than what the house is worth when the loan is repaid.

What are some of the benefits of a reverse mortgage?

  • Strengthen your personal and financial independence.
  • Help pay for health care or other needs.
  • You can never lose your home in foreclosure as long as you maintain the property tax and insurance payments.
  • The loan is only paid off when the house is sold by you or your heirs, or all borrowers move out of the house.
  • Keep your Medicare or Social Security benefits.
  • Use it as a credit line and draw upon it as needed.
  • Get all your cash right away.
  • Get the best of both—get cash now and have a balance in reserve to use as a credit line.
  • No Income Requirements: The homeowner does not need to be working and is not qualified based on income.

Please click here to read about the Frequently Asked Questions About HUD's Reverse Mortgages. 

To find out how much cash you may be eligible to receive, or the amount of monthly payments you may qualify for, please complete the short application below, then click on the "Send" button just below the form. Fields marked with a red asterisk are required. For faster service, call us toll-free at 1(800) 472-6190. 

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Thank you for providing the information needed to prepare your quote. Please click on the "Send" button above after completing all required fields.

One Stop Loans - Customer Service Sept.


One Stop Loans - 28494 Westinghouse Place, Suite 304 - Valencia, CA 91355
Office Phone: (661) 253-1363 Fax: (661) 554-7056 Toll Free Phone: (800) 472-6190


One Stop Loans is a Mortgage Loan Broker, licensed by the CA Dept. of Real Estate under License #01436401.  One Stop Loans does not provide accounting, tax or legal advice, and cannot guarantee the tax-deductibility of any interest or fees paid. We recommend that you consult your CPA, tax accountant, or attorney for proper advice.

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