Your Home.
Your Retirement Solution.
A reverse mortgage can turn your home’s value into financial freedom. It’s designed to support your retirement goals, not limit them.
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About Reverse Mortgages
Your home can become an active part of your retirement plan providing financial freedom, stability, and peace of mind while you remain right where you’re most comfortable. With V.I.P.’s range of reverse mortgage solutions, including HECM, HECM for Purchase, and proprietary options, you can convert a portion of your home’s equity into tax-free funds without selling your home or taking on a required monthly mortgage payment, giving you more flexibility to support your lifestyle, plans, and long-term goals.
Reverse Loan Products
Explore a full range of reverse loan options designed to match your financial goals, lifestyle, and retirement plans
HECM Reverse
The Home Equity Conversion Mortgage (HECM) is a reverse mortgage option created specifically for homeowners age 62+. Backed by the Federal Housing Administration, this program has helped homeowners access their home equity for decades. Reverse mortgages allow you to convert a portion of your home’s equity into cash, while continuing to live in the home you love:
- Without selling your home
- Without making required monthly mortgage payments.
You must stay current on property taxes, homeowners insurance, and basic home maintenance
HECM for Purchase
A Home Equity Conversion Mortgage (HECM) for Purchase, also known as a Reverse for Purchase, is an FHA-insured loan that helps homeowners 62+ buy a new primary residence using proceeds from the sale of their old home without taking on a required monthly mortgage payment.
You must stay current on property taxes, homeowners insurance, and basic home maintenance
- Relocate to a home that’s closer to your family.
- Great option for homeowners looking to downsize.
- Buy a home that is more physically accessible.
Proprietary
Reverse Programs
Proprietary reverse mortgages are private, non-FHA loans that let homeowners (often 55+) access more home equity, especially for higher-value homes. They typically have lower upfront costs and no mortgage insurance, but may carry higher rates and fewer federal protections.
- Ideal for owners of high-value homes
- Lower age requirements (starting at 55+ in some cases)
- Short-term financial fixes with lower closing costs.
- Not available in all states and subject to lender-specific guidelines.
The Benefits of Flexibility
A reverse mortgage isn’t about financial need, it’s about financial choice. It’s a flexible retirement planning tool that can help you:
Eliminate Monthly Mortgage Payments
Pay off an existing mortgage and free up monthly cash flow for living expenses, travel, or simply breathing room.
Create a Reliable Safety Net
Use a growing line of credit for health care, home repairs, or emergencies the available line of credit increases automatically monthly.
Protect Your Investments
Avoid selling stocks or assets in down markets. Drawing from home equity during volatile periods helps preserve portfolio longevity.
Stay in the Home You Love
For many, home is tied to identity and independence. A reverse mortgage provides the freedom to age in place comfortably.
Buy a New Home without Payments
Move where your lifestyle leads, while maintaining financial flexibility in retirement.
Preserve Family Legacy
A reverse mortgage can help you protect the home and legacy you’ve worked a lifetime to build. It provides financial flexibility today while allowing you to thoughtfully steward your assets and support the next generation on your terms.
What can I use a reverse mortgage for?
Your home’s equity can become a powerful financial tool, giving you the freedom to use your funds in the ways that matter most to you. Whether you’re planning ahead or addressing today’s needs, a reverse mortgage from V.I.P. can help create stability, reduce financial stress, and support the lifestyle you’ve worked so hard to build. Here are some popular ways clients choose to put their equity to work:
Eliminate monthly mortgage payments
Say goodbye to your existing mortgage payment and improve your monthly cash flow by turning a portion of your home’s equity into accessible funds.
Cover medical and care expenses
Use your equity to help pay for ongoing medical costs, prescriptions, or in-home care, without draining your savings.
Pay off higher-interest debt
Simplify your finances by addressing credit cards, auto loans, or personal loans, helping reduce monthly obligations and create more financial breathing room.
Build a financial safety net
Prepare for life’s unexpected moments with funds available for emergencies and added peace of mind.
Upgrade your home
Make updates or repairs that enhance safety, comfort, and the way you enjoy your home every day.
Retirement Flexibility
Create the flexibility to work less, travel more, and focus on the lifestyle you’ve earned.