Reverse mortgages for homeowners 55+

Reverse mortgage options for homeowners 55 and older.

Eligible homeowners may be able to turn part of their home equity into loan proceeds to pay off an existing mortgage, improve monthly cash flow, supplement retirement income, make home repairs, arrange in-home care or support other financial goals—all while retaining title to the home.

Some proprietary reverse mortgage programs may begin at age 55. The federally insured Home Equity Conversion Mortgage (HECM) is generally available beginning at age 62.

Estimate Proceeds How It Works →

The essentials

No required monthly principal-and-interest payment does not mean no obligations.

A reverse mortgage is secured by the home. Interest and mortgage insurance accrue, reducing remaining equity over time.

Access home equity

Proceeds may be structured as available cash, a line of credit, monthly advances or a combination, subject to product rules.

Keep property charges current

The borrower must continue paying property taxes, homeowners insurance, HOA charges and home maintenance.

Occupy the home

For a standard HECM, the home generally remains the borrower's principal residence and program conditions must continue to be met.

Complete counseling

HUD-approved counseling is required before an FHA HECM can close. Financial assessment and property eligibility also apply.

Working calculator

Reverse mortgage proceeds estimate

Use a lender-provided principal-limit factor for the closest planning estimate.

Planning estimate ready

Borrower & property

Youngest borrower ageProprietary options may begin at age 55; standard FHA HECM eligibility generally begins at age 62.Estimated home value$Current mortgage payoff$Include all liens expected to be paid at closing.

HECM assumptions

Expected interest rate%Used here for the future balance scenario, not to determine the PLF automatically.Principal-limit factor%This factor varies by age and expected rate. Confirm it with the lender quote.Life-expectancy set-aside$Enter any lender-required property-charge set-aside.Repair set-aside$

Estimated closing costs

Origination fee$Third-party closing costs$Lender credit$

Planning scenarios

Simple monthly-allocation periodyearsDivides estimated net proceeds evenly; it is not a lender tenure-payment quote.Future-equity projectionyearsAnnual home appreciation%

Personalized reverse mortgage quote

Ready for numbers based on your home?

Share a few details and a Lazerus Properties and Capital reverse mortgage specialist will review your scenario and follow up with a full quote.

Need Assistance?626-469-3700

Call us with questions about eligibility, available proceeds, payoff requirements or next steps.

No obligation to proceed
Quote reviewed by a mortgage professional
Your information goes to Lazerus Properties and Capital

Wholesale lender network

Compare the structure—not just the headline proceeds.

We can evaluate eligible reverse mortgage programs from these wholesale lending partners. Product availability, rates, margins, credits and underwriting vary.

Wholesale partnerFAR

Wholesale partnerLongbridge

Wholesale partnerSmartfi

Wholesale partnerMutual of Omaha

Wholesale partnerNationwide Equities

Products to discuss

One goal can have several reverse-mortgage paths.

FHA HECM

Federally insured and subject to HUD eligibility, counseling, financial assessment, property and disbursement rules.

HECM for Purchase

Combines a reverse mortgage with borrower funds to buy an eligible new principal residence without a required monthly principal-and-interest payment.

Proprietary / jumbo

Private programs may address higher-value homes or different borrower situations. Terms and protections are lender-specific.

2026 limit source: HUD Mortgagee Letter 2025-22. Program details should be confirmed with current HUD guidance and the selected lender.