Turn your home equity into cash — with no monthly mortgage payments.*
For homeowners age 62 and older. See how much you may qualify for in 60 seconds or less.
See how much you may qualify for
Eligibility requires the youngest borrower to be 62 or older.
Why Mutual of Omaha Reverse Mortgage
- No required monthly payments* — keep more retirement income
- Stay in your home — you keep ownership
- Backed by Mutual of Omaha — trusted since 1909
*You remain responsible for property taxes, homeowners insurance, and maintenance. Reverse mortgages are non-recourse loans subject to credit and eligibility approval. Consult a financial advisor. #1 ranking based on HUD endorsement data, June 2026. Annual HECM Endorsement Chart. [ONLINE] Available at https://www.nrmlaonline.org/annual-hecm-endorsement-chart.
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 with personalized guidance from a Mutual of Omaha reverse mortgage specialist.
A Mutual of Omaha company · Trusted since 1909- No required monthly mortgage payments* — keep more of your retirement income
- Use the funds for what matters — healthcare, home repairs, or supplementing income
- Stay in your home and keep ownership — it's still yours
- Backed by Mutual of Omaha — over 100 years of trusted financial service
*You remain responsible for property taxes, homeowners insurance, and maintenance. Reverse mortgages are non-recourse loans subject to credit and eligibility approval. Consult a financial advisor. #1 ranking based on HUD endorsement data, June 2026. Annual HECM Endorsement Chart. [ONLINE] Available at https://www.nrmlaonline.org/annual-hecm-endorsement-chart.
See how much you may qualify for
We'll use your address to estimate your home value — eligibility requires the youngest borrower to be 62 or older.
What Is a Reverse Mortgage?
A simple way for homeowners 62+ to turn home equity into cash without monthly mortgage payments.*
- Designed for homeowners age 62 and older
- Access a portion of your home equity as cash
- No required monthly mortgage payments*
- Funds are generally tax free
- You continue living in your home
*You remain responsible for property taxes, homeowners insurance, and maintenance
How Does a Reverse Mortgage Work?
Getting Started is Straightforward.
Qualification requirements:
- Be 62 years or older
- Own your home
- Have sufficient home equity
How Payments Work
- You receive loan payments based on a percentage of your equity
- Choose how you want to receive funds
- Repayment happens only when the home is sold, vacated, or inherited
Loan Eligibility Requirements:
- Your age
- Your home's value
- Current interest rates
- Property qualifications
Pros and Cons of a Reverse Mortgage
Every major financial decision should be informed. Here's a simple breakdown.
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
What Is the Process of Getting a Reverse Mortgage?
A clear step by step process designed to protect borrowers.
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.
See how much you may qualify for
A Mutual of Omaha company · Trusted since 1909- No required monthly mortgage payments* — keep more of your retirement income
- Use the funds for what matters — healthcare, home repairs, or supplementing income
- Stay in your home and keep ownership — it's still yours
- Backed by Mutual of Omaha — over 100 years of trusted financial service
*You remain responsible for property taxes, homeowners insurance, and maintenance. Reverse mortgages are non-recourse loans subject to credit and eligibility approval. Consult a financial advisor. #1 ranking based on HUD endorsement data, June 2026. Annual HECM Endorsement Chart. [ONLINE] Available at https://www.nrmlaonline.org/annual-hecm-endorsement-chart.