How much money can I get with a Reverse Mortgage?

 

The amount you can borrow with a Reverse Mortgage is determined by:

• Your age;
• Your home’s value and location;
• The type of Reverse Mortgage you select;
• The appraised value of your home, or the FHA’s lending limits for your area, whichever amount is smaller;
• Current interest rate;
• Other loan fees.

 

In most cases, the older you are — and the more valuable your home the more money you can receive.

 

You can select to receive your money through monthly payments, a line of credit, a lump sum, or some combination of these.

 

Try our Reverse Mortgage Calculator to find out what you may receive.

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