The Process

The Process

Our team is ready to work with you! To get started on the reverse mortgage process with us, here are the steps that need to be taken:

1. Free Consultation

First, schedule a free consultation with one of our experienced representatives. They’ll be able to help you learn more about the benefits and eligibility for a reverse mortgage.

2. Counseling

Next, schedule an appointment with a HUD (Department of Housing and Urban Development) approved counselor — also known as your third-party reverse mortgage counselor. Your counselor will provide you with documents that you will need to complete; they will then review them and explain the details of a reverse mortgage again to ensure that you have all the information you need to continue the process.

The agency will then issue you a counseling certificate that will allow you to begin the reverse mortgage petition. By law, we cannot proceed with your loan until we have confirmation that you have completed the counseling.

3. Application

If you have decided that a reverse mortgage is the right move for you, it’s now time to complete the application and choose how to receive payment! There are three main options that can be combined:


  • Lump Sum Payment
  • Monthly Payments
  • Line of Credit which grows over time
4. Processing and Appraisal

Once the application is completed, an appraisal will be ordered to determine the value of your property. Afterward, we will tell you the exact amount of your reverse mortgage.

5. Submit Loan and Underwriting

The person in charge of deciding to approve or decline a loan is called an underwriter. It’s common for them to request additional information before issuing an approval; nonetheless, we will work with you and the underwriter to ensure that everything goes smoothly.

6. Loan Approval

When your application is approved, one of our representatives will contact you and review your loan terms with you.

7. Loan Closing

Congratulations, you are almost ready to enjoy the perks of your reverse mortgage! We will work with you to schedule a time to close your loan. You can choose to visit the title company, or we will send the lender’s attorney to your home to witness the signing of your loan documents.

And now it’s time to enjoy your retirement and choose how you wish to spend your reverse mortgage funds and proceeds. Are you ready to get started? We look forward to assisting you with the reverse mortgage process.

Don’t Wait Any Longer. Contact Us Today!