Discover the financial freedom you deserve.
At Utmost, LLC (Licensed in California & Florida), we help homeowners 62 and older access the equity in their home to enjoy retirement, cover medical expenses, or simply live more comfortably — all while staying in their home.
Transparent and personalized reverse mortgage consultations.
No monthly mortgage payments required*
*Borrowers remain responsible for taxes, insurance, and property upkeep.
A reverse mortgage is a government-insured loan that allows senior homeowners to convert part of their home’s equity into cash — with no monthly mortgage payments required. The loan is repaid when you sell the home, move out permanently, or pass away.
No monthly mortgage payments Remain the owner and stay in your home Funds are tax-free and can be used for any purpose Improve cash flow during retirement Flexible disbursement options: lump sum, line of credit, or monthly payments
To qualify for a reverse mortgage, you must: Be 62 years of age or older Live in the home as your primary residence Own the home (or have significant equity) Ensure the property is in good condition Complete a HUD-approved counseling session
No Monthly Mortgage Payments – Stay in your home without monthly payments
Access Your Home’s Equity – Convert equity into cash for living expenses, medical bills, or travel
Flexible Payout Options – Receive funds as a lump sum, monthly payments, or a line of credit
Stay in Your Home – Retain ownership as long as you meet loan obligations (taxes, insurance, maintenance)
Federally Insured & Protected – Backed by HUD & FHA for borrower safety
Reverse Mortgage QUALIFICATIONS
Must be 62 years or older
Must own their property
Home must be your primary residence
Must maintain property taxes, homeowners insurance, and upkeep
FHA-approved property required for (Home Equity Conversion Mortgage)
A reverse mortgage is a type of loan that allows older homeowners (typically aged 62 or older) to convert a portion of their home equity into cash without having to sell their home or make monthly mortgage payments. Unlike a traditional mortgage where you make payments to the lender, with a reverse mortgage, the lender pays you.
When considering a reverse mortgage, a key question is: how much can you borrow? The answer varies, typically ranging from 35.7% to 71.6% of your home’s value. This amount is determined by several factors, ensuring that the loan is tailored to your specific situation.
Your Age: The age of the youngest borrower is a crucial factor. Generally, the older you are, the higher the percentage of your home’s value you can borrow. Choice of Reverse Mortgage Program: Different programs have different borrowing percentages. Current Interest Rates: These rates play a significant role in determining how much you can borrow.
The lending limit for the 2025 HECM (Home Equity Conversion Mortgage) program is capped at $1,209,750.
If you’re considering a jumbo loan program, the limit can go up to $4,000,000, depending on your home’s value and other qualifying factors.
The original intention for the reverse mortgage was to assist homeowners age 62 or older with their daily living expenses by supplementing their income. However, this is not the only way that you can use a reverse mortgage. Some of the most popular options include: Eliminating an existing mortgage Making home repairs and modifications Paying off existing debts (i.e. credit card, car loan) Paying medical bills or for in home health care Assistance in paying for property taxes and insurance Planning an estate in order to leave money to heirs Extending retirement assets (drawing from home equity during times when the market is down) Buying a new home
Speak with our experts to see if a reverse mortgage is right for you
Required counseling session for borrower education
Determine eligibility & home value
Choose your payment disbursement options and receive your funds
Live in your home without monthly mortgage payments
A reverse mortgage is a special type of home loan that allows homeowners aged 62 or older to convert part of their home equity into tax-free cash without having to sell their home or make monthly mortgage payments.
Instead of making payments to a lender, the lender pays you. You can receive funds as a lump sum, line of credit, monthly payments, or a combination. The loan is repaid when you move out, sell the home, or pass away.
To qualify, you must:
Be at least 62 years old
Live in the home as your primary residence
Own your home outright or have significant equity
Attend a HUD-approved counseling session
Yes. You retain ownership of your home and your name remains on the title. However, you must continue paying property taxes, homeowner’s insurance, and maintain the home.
The amount depends on:
Your age
The home’s value
Current interest rates
The type of reverse mortgage
Generally, the older you are and the more equity you have, the more you may qualify to borrow.
The loan becomes due when the last borrower moves out or passes away. At that point, the home is usually sold, and the proceeds are used to repay the loan. Any remaining equity goes to your heirs.
Yes. Your heirs can choose to repay the reverse mortgage and keep the home. If the loan balance is more than the home’s value, they can buy it for 95% of its appraised value, thanks to federal insurance.
Yes, reverse mortgages are regulated by the federal government. The most common type, the Home Equity Conversion Mortgage (HECM), is insured by the FHA to protect both borrowers and lenders.
Costs may include:
Origination fees
Mortgage insurance premiums (for HECMs)
Appraisal and closing costs
These can be paid upfront or rolled into the loan balance.
You can remain in your home as long as you:
Live there as your primary residence
Pay property taxes and insurance
Maintain the property
Failure to meet these conditions may lead to foreclosure.
No. Reverse mortgage proceeds are not considered income and do not affect Social Security or Medicare benefits. However, they may impact need-based programs like Medicaid, so consult a financial advisor.
Yes, you can pay off your reverse mortgage at any time without penalty.
HECM (Home Equity Conversion Mortgage): Federally insured and most popular
Proprietary reverse mortgages: Private loans for high-value homes
Single-purpose reverse mortgages: Offered by nonprofits or local governments for specific uses
At Utmost, our mission is to set a high standard in the mortgage industry. We are committed to quality customer service - putting the people we serve first. Our goal is to carefully guide you through the home loan process so that you can confidently select the best mortgage for you and your family from the many mortgage options that are available today.
*Borrowers remain responsible for property taxes, homeowners insurance, and home maintenance. This is not a commitment to lend. Loans are subject to underwriting, credit, and property approval. Reverse mortgage proceeds are not taxable income, but please consult your tax advisor.
