Get the financial independence and extra cash flow you're looking for. A Home Equity Conversion Mortgage (HECM) is an FHA-insured, low-rate reverse mortgage, giving you the most flexibility to choose how you'd like to get the cash from the loan.

Details
  • For homeowners or homebuyers who are at least 62 years old
  • Income from proceeds is non-taxable
  • No mortgage payments as long as you live in your home, maintain your property, home insurance and property taxes
  • The mortgage is insured by the Federal Housing Administration (FHA), which has set a loan limit of up to $625,500
  • A variety of reverse mortgage options available for disbursements from which you may consider
  • Counseling is required prior to application

For additional information about reverse mortgages, contact Marilyn Cox at 504-378-3153.

No mortgage payments as long as you live in your home, maintain your property, home insurance and property taxes. The mortgage is insured by the Federal Housing Administration (FHA), which has set a loan limit of up to $625,500. We offer a variety of reverse mortgage options for disbursements from which you may consider. For reverse purchase mortgages, some credit and income criteria may apply. Counseling is required prior to application.

These materials are not from HUD or FHA and were not approved by HUD or a government agency.

Subject to Home Bank credit criteria. Home Bank NMLS #483958