Talk to a Reverse Mortgage Specialist

Tap Into Your Home's Equity and Eliminate Your Mortgage Payment!

Now Available​​​​​ in Utah, California and Arizona!

What is a Reverse Mortgage?

A reverse mortgage is a loan program that allows seniors age 62 and older to borrow funds secured by a mortgage without having to make monthly mortgage payments. A HECM (Home Equity Conversion Mortgage) loan is a specific reverse mortgage program that is insured by FHA. The vast majority of all reverse mortgages are FHA insured HECM loans.

A reverse mortgage may be used to accomplish one of more of the following:

  • Purchase a primary residence with approximately 50% down or less with no mortgage payments.
  • Pay off your existing mortgage with a reverse mortgage to eliminate monthly principal and interest payments.
  • Use your home’s equity to supplement your retirement income. Based on the amount of equity in your home, you may be able to receive:
    • A large cash payment at closing with an additional cash payment one year after closing.
    • Monthly payments for the rest of your life.
    • A line of credit that can be used to cover planned or unplanned expenses such as medical care, home and auto repairs, or any other expense needs.
  • Funds received from a HECM loan are nontaxable. They may, however, affect your monthly social security income. Veritas Funding does not provide estate planning or tax advise; please consult a qualified financial planner or tax advisor to understand any potential changes to social security income prior to applying for a reverse mortgage.

    A reverse mortgage (or HECM loan) is a mortgage loan and comes with the general risks of obtaining mortgage financing. Loan fees and closing costs will vary depending on borrower situation and loan type.  A HECM borrower is required to pay property taxes, insurance, utilities, maintenance, HOA dues and other related expenses for the property after obtaining a reverse mortgage.

    A HECM loan debt must be paid before heirs can collect on any potentially remaining equity. The specifics of these situations vary, please speak with your HECM mortgage specialist about your unique situation.

    Request More Information on a Reverse Mortgage Below!

    Please enter your name, email, phone number and brief summary. A Senior Reverse Mortgage Specialist will be in touch shortly.

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    Important Disclaimers:
    HECM (Reverse Mortgage) loans are not a product provided directly by HUD/FHA or the United States Government. Veritas Funding LLC, is an approved HUD lender, but is not acting on behalf of or at the direction of HUD/ FHA or the Federal Government. References herein to any specific commercial product, process, or service by trade name, trademark, manufacturer or otherwise, does not necessarily constitute or imply its endorsement, recommendation, or favoring by HUD, FHA, or the United State Government. All programs subject to change without notice. All services rendered by Veritas Funding (NMLS#252108) are to assist in providing mortgage loans. Veritas Funding brokers out this loan. Subject to borrower qualification. The information on this page is intended for informational purposes only.

    By filling out the form above, you are giving Jeff Adams, a Veritas Funding Reverse Mortgage Specialist, permission to call, text and email you to assist you with your HECM / Reverse Mortgage needs.  You are also granting permission to Scott Buehler to call, text or email for non-HECM inquiries such as a ConventionalRefinance or Down Payment Assistance. Your information will not be sold.

    Contact a HUD approved HECM counseling agency at https://entp.hud.gov/idapp/html/hecm_agency_look.cfm for a detailed review of your HECM risks.

    Do I Qualify?

    There's a lot that goes into qualifying for a home loan. Factors such as credit score, debt, income and more play a huge part of the decision making process. Consider taking my questionnaire and we'll discuss your mortgage options.

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