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Citizens Home Loans of America


Reverse Mortgages


New Purchase Loans

What is a Reverse Mortgage?

A reverse mortgage is a loan available to people over 62 years of age that enables a borrower to convert part of the equity in their home into cash.

Reverse mortgages were conceived as a means to help people in or near retirement and with limited income to use the money they have put into their home to pay off debts (including traditional mortgages), cover basic monthly living expenses or pay for health care. There is no restriction on how a borrower may use their reverse mortgage proceeds.

The loan is called a reverse mortgage because the traditional mortgage payback stream is reversed. Instead of making monthly payments to a lender (as with a traditional mortgage), the lender makes payments to the borrower.

The borrower is not required to pay back the loan until the home is sold or otherwise vacated. As long as you live in the home, you are not required to make any monthly payments towards the loan balance, but you must remain current on your tax and insurance payments.

Reverse Mortgage Benefits


  • Flexible payments to you - the money can be taken in a lump sum, a line of credit or monthly payments

  • No monthly mortgage payments

  • You always maintain title to your property

  • Low cost "Saver" products available

Call us today at 888-342-6550 to learn more about this program, or apply now.



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Citizens Home Loans of America is an approved lender of the U.S. Department of Housing and Urban Development (HUD) and Federal Housing Administration (FHA) insured mortgage programs. As an authorized program sponsor of the Federal Housing Administration, Citizens Home Loans can begin processing your application immediately.
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