Reverse Mortgages in Texas
You've spent years building equity in your home. A reverse mortgage lets homeowners 62 and older turn some of that equity into cash while they keep living there. You can use it to cover everyday costs, pay off an existing mortgage, or just have more room in your budget. I'm glad to include your family in the conversation, so everyone understands how it works.
Why Homeowners Choose a Reverse Mortgage
No Monthly Mortgage Payment
Skip monthly mortgage payments while you live in the home.
Stay in Your Home
The home stays in your name, and you can live there as long as you meet the loan terms.
Choose How You Get Paid
Take a lump sum, monthly payments, a line of credit, or a mix.
Buy Your Next Home
Use a reverse mortgage to buy a home that fits this stage of life.
Protection for Your Family
You or your heirs will never owe more than the home is worth.
Things to Know
The youngest borrower must be at least 62, and the home must be your primary residence with enough equity. Before you apply, you'll meet with a HUD-approved counselor who explains the loan and answers your questions. You'll still pay property taxes, homeowners insurance, and any HOA dues, and keep the home in good repair. There are upfront costs, including FHA mortgage insurance, and most can be paid from the loan. For 2026, the FHA limit is $1,249,125 of home value. Homes worth more may fit a private reverse mortgage.
Common Questions
Who owns the home with a reverse mortgage?
You do. The title stays in your name, just like with a regular mortgage. You can sell the home or pay off the loan at any time.Can I get a reverse mortgage if I still have a mortgage?
Yes. Many people use a reverse mortgage to pay off their current mortgage, which ends that monthly payment. You'll need enough equity for the reverse mortgage to cover the remaining balance.How much money can I get?
It depends on the age of the youngest borrower, your home's value, and current interest rates. In general, the older you are and the more equity you have, the more you can get. I'll show you your numbers before you decide.What happens to the home when I'm gone?
The loan comes due when the last borrower moves out or passes away. Your heirs can sell the home and keep any money left over after the loan is paid, or keep the home by paying off the loan. If the loan is more than the home is worth, they won't owe the difference.What if my spouse is younger than 62?
A younger spouse can often stay in the home after you pass away, as long as they're listed on the loan as an eligible non-borrowing spouse and meet the requirements. It's important to set this up correctly from the start, and I'll walk you both through it.
Have Questions? Let's Talk.
A reverse mortgage is a big decision, and it helps to talk it through. Book a free call to go over your questions. Family members are welcome to join.
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This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval.
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