Tap Your Equity
Turn the equity you've built into cash you can use — without having to sell or leave your home.
A way for older homeowners to put the equity they've built to work. A reverse mortgage lets eligible homeowners aged 62 and older turn part of their home equity into cash — with no required monthly mortgage payment — while staying in the home they love.
A reverse mortgage is a loan that lets homeowners aged 62 and older convert part of their home equity into cash. The most common type is the Home Equity Conversion Mortgage (HECM), which is insured by the Federal Housing Administration. Unlike a traditional mortgage, there's no required monthly mortgage payment — instead, the balance is repaid later when you sell the home, move out, or pass away. You keep the title to your home and remain responsible for property taxes, homeowners insurance, and upkeep. HUD-approved counseling is required so you can make an informed decision.
The Emerald Coast is home to so many retirees, and for those who've owned along here for years, this can be a thoughtful way to tap that equity without selling and leaving the community they've grown to love.
Turn the equity you've built into cash you can use — without having to sell or leave your home.
A HECM has no required monthly mortgage payment — the balance is repaid later when you leave the home.
Receive your funds the way that fits you — a lump sum, a line of credit, or steady monthly payments.
You keep the title and can keep living in your home, as long as you keep up with taxes, insurance, and upkeep.
Three simple steps to see if a reverse mortgage fits your plans.
We'll sit down with you, walk through how a reverse mortgage works, and figure out whether it makes sense for your situation — no pressure.
Before moving forward, you'll meet with an independent HUD-approved counselor. This required step makes sure you fully understand your options.
Once you're ready, we'll guide you through the application and help you choose how you'd like to receive your money — lump sum, line of credit, or monthly payments.
Let’s explore whether a reverse mortgage fits your retirement plans. We'll answer your questions in plain English — no pressure, no obligation.