Conventional & Government
Reverse Mortgage
HECM Reverse Mortgage
FHA-insured Home Equity Conversion Mortgage for homeowners 62+.
Available throughout Southern California through Francisco Williams, CCIM, NMLS #1858674.
Ideal borrower
Homeowners 62+ wanting to access home equity without monthly payments.
Program highlights
- No monthly mortgage payments
- FHA-insured
- Principal, line of credit, or tenure payments
- Non-recourse — heirs inherit equity without mortgage obligation
Typical uses
- Retiree home-equity access
Frequently asked questions
- Who qualifies for a HECM reverse mortgage?
- Borrowers generally must be 62+, live in the home as a primary residence, complete HUD counseling, and meet financial assessment rules. The home must meet FHA property standards.
- Do heirs inherit a HECM balance larger than the home?
- HECM is non-recourse to the borrower. When the loan comes due, repayment is generally limited to the home’s value (subject to program rules); heirs can sell, refinance, or deed the property in lieu per HECM guidelines.
- Is a reverse mortgage a last resort?
- Not necessarily — for the right retiree it can fund aging-in-place or eliminate a forward payment. It is still a loan against home equity with ongoing taxes/insurance obligations. Suitability counseling is mandatory.
Program details shown are representative guidelines and subject to individual lender overlays and CFPB / agency requirements. Rates shown are illustrative and subject to change without notice. Actual rate, APR, and terms will depend on creditworthiness, loan-to-value, property type, occupancy, loan amount, loan program, and other factors. Not all applicants will qualify.