Reach your goals without a new monthly payment1

HomeSafe Second is a reverse second mortgage for homeowners who want to access their home equity while keeping their low first mortgage rate and avoiding new monthly payments.1

  • Access up to $1 million in home equity
  • No new monthly payment1
  • Preserve the rate and terms of your current first mortgage2

1The borrower must meet all loan obligations, including meeting all loan obligations under the first lien mortgage, living in the property as the principal residence and paying property charges, including property taxes, fees, hazard insurance. The borrower must maintain the home. If the homeowner does not meet these loan obligations, then the loan will need to be repaid.

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HomeSafe Second

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Here’s how it works

  • Access cash

    You receive loan proceeds as a lump sum—based on your home’s equity—that can be used virtually however you choose.

  • No new monthly payments1

    You are not required to make monthly mortgage payments, so long as you continue to use the home as your primary residence and meet loan obligations.

  • Keep your current rate

    Keep the low rate and favorable terms of your current first mortgage while accessing your home’s equity.

  • Pay it back later

    The loan must be repaid if you violate the terms or leave the home. Interest increases the balance, but you’ll never owe more than the home’s value under the second mortgage.3

How HomeSafe Second compares

HomeSafe Second is helping homeowners 55+4 access home equity with no new monthly payment.1

HELOC
Monthly payment5No1Yes6
Interest rate typeFixedVariable
Funds disbursementLump sumLine of credit
Minimum credit score7640
(plus financial assessment)		580-680
(minimum scores vary)
Prepayment penaltiesNoTypically No
(some lenders may have a prepayment penalty)
Minimum ageYes
(55 for AZ, CA, CO, CT, FL, IL, MT, NV, OR, SC and UT, 60 for WA, 62 for TX.) 		No
CollateralSecured by homeSecured by home
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This is general information about HELOCs—terms vary by lender.

HomeSafe Second is currently available in the following states: Arizona, California, Colorado, Connecticut, Florida, Illinois, Montana, Nevada, Oregon, South Carolina, Texas, Utah, Washington.

Don’t just take our word for it

Over 10,000 customers have rated us an average of 4.7 stars.

January 29, 2025

Great people to work with

Every person I spoke with was professional, helpful, knowledgeable, and friendly. I was kept advised of everything through the entire process. I would not hesitate to recommend this company.

January 6, 2025

Loved working with Linda M.

We loved working with Linda M. Carney throughout the whole experience. We didn’t make it easy for her since we had to back out of 2 potential purchases after reviewing the inspection reports of those 2 homes. But Linda was still able to work with us on our final purchase.

December 24, 2024

Above my expectation!

This experience was so far above my expectations. Carla Fair made this process so easy and alleviated so much stress in my life. I’m disabled and house bound. At every point Carla was caring, helpful, empathetic, knowledgeable and just plain GREAT! I will refer everyone I know to her.

August 6, 2024

Great experience

The staff was very professional & friendly. Everything was explained in a step by step process, on the phone, followed by written docs for my future use. Nice people. Thanks

July 29, 2024

First class people!

First class people! I had a great experience due to the professional representation that occurred start to finish! I will have no hesitation in recommending these fine folks in the future to my friends and family!

July 25, 2024

Our advisor was wonderful

Our advisor was wonderful. She helped us very professionally but made us comfortable in our decision. Stayed in touch through the entire process and if we had a concern she addressed it immediately

Reviews displayed are verified customers provided by TrustPilot.

Better Business Bureau® 
A+ rated and accredited

Best Reverse 
Mortgage Lender6

Best Reverse Mortgage Companies 20257

4.6 Stars by
verified customers8

Have questions?

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Important legal disclaimers

1 The borrower must meet all loan obligations, including meeting all loan obligations under the first lien mortgage, living in the property as the principal residence and paying property charges, including property taxes, fees, hazard insurance. The borrower must maintain the home. If the homeowner does not meet these loan obligations, then the loan will need to be repaid.

2 Terms and conditions on the first lien loans apply. Must meet combined loan value requirements based on a satisfactory appraisal.

3 Does not apply to the first mortgage.


4 For certain HomeSafe products only, excluding Massachusetts, New York, and Washington, where the minimum age is 60, and North Carolina and Texas where the minimum age is 62.

5 This is the monthly payment on the second lien; still must pay monthly payment on the first lien.

6 If no balance on LOC there may be no monthly mortgage payment required and that some HELOCS allow interest-only payments during the draw period.

7 Minimum credit score is 720 for limited financial assessment.

8 Finance of America is listed as Best Reverse Mortgage Lender by Bankrate in this article, published January 2024.



9 Finance of America is listed as Best Reverse Mortgage Companies in this article, published January 2025.


10 As of May 2024. Top Reverse Mortgage Lenders must have verified reviews on ConsumerAffairs, an overall satisfaction rating of at least 4 stars, and at least a 2:1 ratio of 5-star to 1-star reviews. Finance of America Reverse LLC pays a monthly fee to participate in the ConsumerAffairs Authorized Partner Program.