Copyright © Omni-Fund, Inc.
NMLS# 4869

​CA BRE# 01430833

CO MLO# 100507339

A lump sum

Homeowners can receive reverse mortgage proceeds as:

CALl US Now!

 Manufactured homes

Properties eligible for a reverse mortgage include:

​Retire in comfort and with dignity, settle debts, pay monthly living expenses, cover health care costs, or even take that long-awaited dream vacation. A reverse mortgage provides tax-free cash for senior homeowners, without them having to sell their home or take on additional loan payments. 

(949) 315-8005

 Townhomes

Single-family homes

Tax-Free Cash in California

 Qualifying condominiums

 Monthly payments

​The Home Equity Conversion Mortgage (HECM), or reverse mortgage, was developed for senior homeowners to enable them to convert part of the equity built up in their home into cash. The loan is called a reverse mortgage because instead of mortgage payments being paid to the bank, payments flow in the other direction—from the bank to the homeowners. And as long as the home is maintained as a primary residence and the homeowners stay current on insurance and tax payments, they are not required to pay back the loan until the home is sold or otherwise vacated.

 Any combination of these

 A line of credit

Qualification is primarily based upon the age of the youngest homeowner, the value of the property, and the current interest rate on the program. To be eligible for a reverse mortgage, all homeowners must be at least 62 years of age and either own the property or have enough equity to meet program guidelines. The property can be a single-family home, qualifying condominium, townhouse, manufactured home, 1-4 unit family dwelling, or a unit within a Planned Unit Development (PUD).

 Units within PUDs

 1-4 unit family dwellings

Depending upon qualifications and eligibility, proceeds can be received as a lump sum payment, regular monthly disbursements, a line of credit, or any combination of the above. There are also generally no restrictions on how reverse mortgage proceeds can be used. Reverse mortgage proceeds can even be used to purchase a new home.