How It Works

The U.S. Government (FHA) will guarantee your loan. You will receive approximately 50%-80% of the equity in your home (the value of the home less any mortgage debt) at the low interest rate of 6-7% and you never have to repay the loan as long as you live in your home. The older you are, the more equity you will receive.  The only requirement is that you must be 62 or older and own your own home. You must keep your homeowners insurance in force and pay your property taxes.

The amount you receive is based on the actual appraisal value of your home, the interest rate in effect when you sign your application and your age. The older your are... the more you receive.

You still own your home and you may sell it anytime you want. There are no interest payments or principle payments due as long as you live in your home.

If you currently have either a mortgage or another loan on your home, it will be paid off at closing.

That's it; there are no other requirements.

It’s time your home paid you back!