Links to More Information

Consumer Fact Sheet from Fannie Mae Top Ten Things to Know if You're Interested in a Reverse Mortgage from HUD  Fact Sheet on Reverse Mortgages from AARP

It Just Takes A Few Easy Steps...

Step 1: Get Educated
Regardless of the program you choose, counseling by an FHA approved counselor is required.  The counselor is there to help make sure you understand your options, the loan program and the loan process.  Counseling will cost a maximum of $125 and we are prohibited by law from providing your counseling or paying this fee.  You can contact one of the following agencies for counseling:

• Credit Card Management Services Inc (Debt Helper) 1-800-920-2262 ($75 Fee)
• National Foundation for Debt Management 1-866-395-5769 ($125 Fee, Immediate Counseling)
• Money Management International (MMI) - 1-877-908-2227
• National Foundation for Credit Counseling (NFCC) - 1-866-698-6322
• American Association of Retired Persons (AARP) - 1-800-209-8085
• Or Click Here To Search For A Counselor

Please contact us if you need any assistance in scheduling your counseling.

Step 2: Application
Your loan consultant will prepare your application and mail you a complete package for your review and approval.

Step 3: Loan Processing
Our processing department will order your appraisal and gather additional information.  Every situation is different but most loans will complete processing and underwriting in 2 to 3 weeks.

Step 4: Loan Closing
You decide how you want to receive the cash from your home.  Closing documents are prepared for your review and signature.  You will begin receiving your cash proceeds within a few days after closing.

For more information on reverse mortgage programs, please contact:

Sonnya Fanale Reverse Mortgage Team Leader 888-627-2211