Loan Programs — 62+

Reverse Mortgage

Convert home equity into usable funds without selling and without a monthly mortgage payment. A legitimate financial planning tool — when structured correctly.

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62+

Age Requirement

Monthly Payment

$4M+

Proprietary Programs

Who It’s For

Is this your loan?

Every program is built for a specific borrower. Here’s where this one tends to be the right call.

The Equity-Rich Retiree

You own your home outright or have substantial equity. You want to access that equity to supplement retirement income, cover healthcare, or fund a lifestyle — without selling.

The Low-Rate Holder

You have a low first mortgage you don’t want to disturb. Proprietary reverse second programs let you layer equity access on top of your existing loan — keeping the first in place.

The Downsizing Buyer

Using a reverse mortgage to purchase a new home — putting a portion down and using the reverse to eliminate the monthly payment on the balance. The HECM for Purchase program is built for this.

The Process

From quote to keys

One point of contact, start to finish. Here’s what working with Manor looks like.

Discovery Call

Reverse mortgages are nuanced. Your loan officer reviews your property value, existing liens, age, and goals before recommending a product — HECM vs. proprietary vs. reverse second.

HUD Counseling

Required by law before any HECM closes. A HUD-approved counselor walks you through your rights, obligations, and alternatives. We coordinate the referral.

Application & Appraisal

Full application, title work, and appraisal. No income or credit qualification in most cases — the equity in the property is what matters.

Close & Fund

3-day right of rescission after signing. Funds disbursed on day 4. Your loan officer is available throughout and after closing for any questions.

Common Questions

Straight answers

No. You retain title throughout the life of the loan. The lender has a lien — just like a traditional mortgage. The loan becomes due when you sell, move out permanently, or pass away — at which point the home can be sold to repay the balance, with any remaining equity going to your estate.

HECM loans are non-recourse. If the home sells for less than the loan balance, FHA insurance covers the difference. You or your heirs are not personally liable for the shortfall. This is one of the key protections of the government-insured program.

You must continue to live in the home as your primary residence, maintain it in reasonable condition, keep property taxes current, and maintain homeowner’s insurance. Failing to meet these obligations can trigger the loan due-and-payable clause.

HECM is the FHA-insured program — available up to FHA lending limits, requires HUD counseling, and carries mortgage insurance. Proprietary programs are private and available for higher-value properties above FHA limits — up to $4M+. California homes often benefit from proprietary options. Your loan officer will model both.

That depends on your goals, home value, existing liens, and long-term plans. It’s not the right tool for everyone — but the stigma around reverse mortgages is largely outdated. Your loan officer will give you an honest read, including when it’s not the right fit.

Get a Quote

Let’s look at your options honestly

Reverse mortgages aren’t one-size-fits-all. Your loan officer will model HECM and proprietary programs for your specific property and situation before making any recommendation.

HECM and proprietary comparison included
HUD counseling coordination handled
No income or credit qualification required in most cases
Your loan officer responds personally

Tell us about your scenario

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Got it — your loan officer will be in touch.