What Is HECM?
The Home Equity Conversion Mortgage (HECM) program is federally insured and created by the Federal Housing Administration (FHA). HECM is the most common type of reverse mortgage with several safeguards in place to ensure you’re protected.
What You Get with HECM:
Tax-free monthly payments
Draw funds on demand
Stay in your home
No mortgage payments required
What Is a Reverse Mortgage?
A reverse mortgage allows you to access your home equity and turn it into cash without needing to make monthly mortgage payments. You stay in your home and maintain ownership while benefiting from financial flexibility.
Read the Reverse Mortgage Guide »
Why Consider HECM?
If your retirement income feels stretched, a HECM can help. It eliminates or reduces your monthly mortgage payments, giving you more financial freedom and control over your cash flow—all while staying in your home.
Calculate Your Proceeds »Increase Your Disposable Income
The table below shows the average difference in monthly disposable income Before Retirement (left), During Retirement (middle), and During Retirement with HECM (right). See for yourself how HECM can help manage your expenses and avoid unnecessary financial stress.
| Before Retirement | During Retirement | Retirement With A Reverse Mortgage | |
|---|---|---|---|
| Income | $4,000 | $2,500 | $2,500 |
| Monthly Mortgage Payment | $2,000 | $2,000 | ------- |
| Groceries | $500 | $500 | $500 |
| Utilities | $250 | $250 | $250 |
| Gas | $100 | $100 | $100 |
| Auto Loan | $300 | $300 | $300 |
| Disposable Income | $850 | -$650 | $ 1,350 |
*As with any mortgage, you must continue to make payments for property taxes, insurance, and maintenance, as well as comply with the loan terms.
Get Started Now »Get Your Retirement Solution
Our average homeowner unlocks $96,000 with a reverse mortgage. Find out how millions of other retirees are “reversing” their financial stress with this free book—The Retirement Solution.
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