Turn your home equity into cash with no monthly mortgage payments.*
For homeowners 62 and older. See how much you may qualify for in 60 seconds or less.
- A+ Rating From the Better Business Bureau
- Available in 49 States and the District of Columbia
- Free Reverse Mortgage Guide Provided
- Free Reverse Mortgage Calculator Available
- NMLS# 1025894
*You remain responsible for property taxes, homeowners insurance, and maintenance. A reverse mortgage is a loan that must be repaid when the last surviving borrower sells the home, moves out, or passes away. Reverse mortgages are non-recourse loans subject to credit and eligibility approval. This material has not been reviewed, approved, or issued by HUD, FHA, or any government agency. Consult a financial advisor before proceeding.
*#1 ranking based on HUD endorsement data, September 2026, Annual HECM Endorsement Chart. NRMLA, 2026. Available at nrmlaonline.org/annual-hecm-endorsement-chart.
What Is a Reverse Mortgage?
A reverse mortgage is a loan for homeowners age 62 and older that lets you turn part of your home equity into cash, without a required monthly mortgage payment.* Instead of you paying the lender each month, the loan balance is repaid later, when you sell the home, move out, or pass away.
You keep the title to your home and continue living there. You remain responsible for property taxes, homeowners insurance, and keeping the home maintained. Most reverse mortgages are FHA-insured Home Equity Conversion Mortgages (HECMs), which are non-recourse loans, meaning you or your heirs never owe more than the home is worth when it's sold.
*You remain responsible for property taxes, homeowners insurance, and maintenance. A reverse mortgage is a loan that must be repaid when the last surviving borrower sells the home, moves out, or passes away. Reverse mortgages are non-recourse loans subject to credit and eligibility approval. This material has not been reviewed, approved, or issued by HUD, FHA, or any government agency. Consult a financial advisor before proceeding.
Who a Reverse Mortgage Is For
Qualification requirements:
- Be 62 years or older.
- Own your home.
- Have sufficient home equity.
Loan Eligibility Requirements:
- Your age
- Your home's value
- Current interest rates
- Property qualifications
How much you may receive depends on your age, your home's value, current interest rates, and the FHA lending limit (2026 limit: $1,249,125).
How the Process Works
A clear step by step process designed to protect borrowers. You can start with a free estimate any time.
Check Eligibility
Review your age, home type, and available equity to see if a reverse mortgage fits.
Complete HUD Approved Counseling
A required independent session explains your options and protections.
Submit Your Application
An advisor explains how much you may qualify for and answers your questions.
Appraisal And Underwriting
Your home is appraised and your application is reviewed against program guidelines.
Close The Loan
Sign the final documents and confirm how you would like to receive your funds.
Receive Your Funds
Funds become available, typically a few days after closing.
Pros and Cons of a Reverse Mortgage
Every major financial decision should be informed. Here's a simple breakdown, then see what you may qualify for.
Pros
- Stay in your home and keep ownership
- You can access additional cash
- No additional monthly payment*
- You (or your heirs) won't owe more than the home is worth
*You are still responsible for property taxes, homeowners insurance, and home maintenance. Consult a financial advisor. The costs of the program, eligibility requirements, and other terms also apply.
Cons
- Fees (origination fees, closing costs, and mortgage insurance premiums)
- Interest isn't tax-deductible until you repay the loan
See How Much You May Qualify For
It takes about 60 seconds. There's no credit check to get an estimate, and no obligation. A Mutual of Omaha reverse mortgage specialist can answer any questions along the way.
Get your free estimate
We'll use your address to estimate your home value. Eligibility requires the youngest borrower to be 62 or older.
- Free. No credit check.
- Your information is encrypted and secure.
- Takes 60 seconds or less. No obligation.