HECM LOAN OPTIONS
Find the Right HECM That Fits Your Goals
Line of credit, lump sum, or purchase — each option serves a different need.
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Some homeowners use a HECM to create flexible access to cash over time, while others use it to eliminate monthly mortgage payments or support long-term retirement planning.
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HECM Line of Credit
A HECM Line of Credit allows eligible homeowners age 62+ to convert a portion of their home equity into accessible funds while continuing to live in their home.
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Unlike a traditional home equity line of credit (HELOC), the HECM Line of Credit is specifically designed for older homeowners and does not require mandatory monthly mortgage payments as long as loan obligations are met.
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HECM Line of Credit Growth Rate
One unique feature of the HECM Line of Credit is that the unused portion of the available credit line may grow over time. This growth is not tied to home appreciation, but instead is based on the loan’s interest rate and mortgage insurance factors.
HECM Lump Sum or Partial Payout
​A HECM reverse mortgage can provide homeowners with access to a lump sum or partial payout from their available home equity. This option is often used to pay off an existing mortgage, cover large expenses, complete home modifications, or create additional retirement cash-flow flexibility.
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Unlike traditional loans, repayment is deferred while the borrower continues living in the home and meets loan obligations such as property taxes, insurance, and home maintenance.
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Additional Types of HECM Reverse Loans
In addition to traditional HECM reverse mortgages, some homeowners may benefit from specialized proprietary reverse mortgage solutions. These options are designed to provide greater flexibility for higher-value homes or unique financial situations that may fall outside standard HECM guidelines.
Whether you are looking to access additional equity, maintain a low existing mortgage rate, or explore larger borrowing opportunities, these alternative reverse mortgage products may help support your retirement goals and long-term financial strategy.
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NEXT STEPS
Which Option Is Right for You?
Every homeowner's retirement goals are different, which is why understanding your options starts with education and a conversation with an expert.
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Have questions about HECM loan program options? Call (888) 225-3336 or schedule a consultation.
