Get the most out of your home’s equity

HomeSafe1 is a reverse mortgage designed for higher-value homes, offering a way to access more of your equity—without taking on a new monthly mortgage payment.2

Trustpilot Excellent 4.7 out of 5 stars3
No
Required monthly mortgage payment2
55+
Minimum age to qualify4
$200K
Minimum loan amount
$4M
Maximum loan amount5

Key advantages of HomeSafe

Eliminate your monthly mortgage payment2

A HomeSafe loan pays off any existing mortgage. You can repay as much or as little of the new loan balance each month.

Access equity with fewer upfront costs

With no mortgage insurance premiums, more of your home’s equity can go toward your goals.

Stay in your home and keep ownership6

You retain full ownership of your home. Continue living there as long as you comply with the loan terms.

Flexible funding and payment options

Access your home equity through a lump sum, line of credit, monthly payments, or any combination.

Is HomeSafe right for you?

Get a quick overview below, or dive into our reverse mortgage guide for the full picture.

Could be good for:

  • Eliminating a monthly mortgage payment2
  • Funding major financial goals or opportunities
  • Preserving retirement and investment accounts
  • Purchasing a vacation home or rental property

May not be right for:

  • Preserving home equity for future inheritance
  • Homes with limited available equity
  • Those unable to maintain condition of their home.
  • Homeowners looking to move soon

2The borrower must meet all loan obligations, including 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.

See where HomeSafe is available

HomeSafe is currently available in select states, with additional states being added often. If your state isn’t shown below, we do have other reverse mortgage products available.

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How you can put it to use

Our borrowers have put HomeSafe funds to work in all kinds of ways. Here are the most common:

Address higher-interest debt

Pay down higher-interest consumer debt, like credit cards and personal loans.

Fund home improvements

Make repairs and upgrades that help you stay comfortable in the home you love.

Manage household bills

Support cash flow needs and everyday expenses, like utilities and groceries.

Cover medical expenses

Manage medical bills, in-home care, or unexpected costs.

Prepare for major life events

Get added flexibility for important milestones and unexpected emergencies.

Do what matters most

Create more room for the goals, plans, or opportunities ahead.

From first call to closing, here's what to expect

1. Talk to a specialist

30-60 minutes

You’ll speak with a reverse mortgage specialist who can answer every question and give you a clear picture of what’s possible—completely free, with no obligation to apply.

2. Complete required counseling

1-2 hours

In some states, counseling is required before applying—and we also include it as part of our process. This session is with an independent counselor who works for you, helping you understand your options, costs, and alternatives so you can make a confident, informed decision.

3. Submit your application

15 minutes

A loan officer walks you through each part of the paperwork. You’ll always know where things stand and what’s coming next.

4. Home appraisal and review

1-3 weeks

An appraiser visits your home to confirm its market value, which is used to finalize your loan amount. During the underwriting review, your processor will provide regular updates so you’re never left wondering what’s next.

5. Loan approval

2-3 days

If approved, you’ll receive confirmation that your loan is approved and ready to close. Your loan officer will walk you through the final numbers and make sure all your questions are answered before signing.

6. Funds arrive

1 hour + 3 days

After signing, there’s a 3-business-day waiting period. During this time, you can cancel for any reason. Once that period ends, your funds are delivered based on how you chose to receive them. You can cancel within that time, no questions asked.

Answers to the questions homeowners ask most

HomeSafe is a proprietary jumbo reverse mortgage available to homeowners 55+* that converts up to $4 million in home equity into usable cash. If you have an existing mortgage, HomeSafe first uses loan proceeds to pay it off, eliminating your required monthly mortgage payment.** You can receive remaining available funds as a lump sum or line of credit, with fixed or variable interest rates, on loans starting at $200,000. Learn More

*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.

**The borrower must meet all loan obligations, including 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.

While a reverse mortgage doesn’t require monthly mortgage payments*, there is an important tradeoff to understand. Like any loan, a reverse mortgage charges interest. If you choose not to make payments, the interest is added to the loan balance over time, which means the amount owed will grow.

The good news is that you can pay as much or as little as you’d like—including nothing at all. Any payments you make can help reduce the amount of interest that accrues, slow the growth of the loan balance, and preserve more of your home equity.

HomeSafe is for homeowners 55+* who wish to maximize the power of their home equity. For those with higher home values and substantial equity, it can be a strategic option for creating liquidity, preserving investment accounts, purchasing a new home, and achieving retirement dreams.

*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.

While both HomeSafe and HECMs allow homeowners to convert home equity into cash, HomeSafe offers greater borrowing potential and is available to eligible homeowners as young as 55+*. HECMs are government-insured loans for homeowners age 62+ and are subject to FHA loan limits and mortgage insurance requirements.

*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.

No—you keep ownership of your home with a HomeSafe reverse mortgage as long as you meet all loan obligations, including meeting all loan obligations under the first lien mortgage. You can remain in your home as long as it’s your primary residence and you stay current on property taxes, homeowner’s insurance, and basic property maintenance. The lender cannot take your home just because the loan balance grows. Learn More

A HomeSafe loan is repaid when the homeowner moves out, doesn’t meet the loan conditions, or passes away. The loan can be settled by selling the house or by using other assets if the borrower or heirs prefer to keep the house. Most importantly, the borrower or heirs won’t owe more than the home’s value when the loan becomes due and the home is sold.

*The borrower must meet all loan obligations, including 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.

Get more answers

Explore your options, your way

Thousands of homeowners have used HomeSafe to fund what’s next without giving up what they’ve built.

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