Reverse Mortgage
Unlock your home equity without monthly mortgage payments — for homeowners 62+
A reverse mortgage (HECM — Home Equity Conversion Mortgage) allows homeowners aged 62 and older to convert a portion of their home equity into cash. Unlike a traditional mortgage, there are no monthly mortgage payments. The loan is repaid when the homeowner sells, moves out, or passes away.
Who This Is For
Homeowners aged 62 or older who want to supplement retirement income using their home equity
Retirees looking to eliminate existing mortgage payments and improve monthly cash flow
Seniors who want to age in place and need funds for healthcare, home modifications, or daily expenses
Homeowners with significant equity who want a line of credit for financial flexibility in retirement
Requirements
How Sofla Helps
Our AI qualification engine handles the heavy lifting so you can focus on closing.
AI qualification determines reverse mortgage eligibility based on age, property value, existing liens, and financial assessment criteria
Generates a reverse-mortgage-specific checklist including HUD counseling certificate, property appraisal, and financial assessment documents
Calculates estimated available proceeds based on age, home value, and current interest rates so borrowers know what to expect
Routes qualified seniors to HECM-approved lenders who specialize in reverse mortgage counseling and origination
Get Qualified for Reverse Mortgage
A few questions. A real score. The exact document list for your loan type.
Start Qualification