Retirement just got better: tap into your home's equity with a Mann Mortgage Reverse Mortgage.
Quite possibly the most powerful & useful loan program in the world, Reverse Mortgages allow you to use your home equity as YOU see fit - while still owning it.
What are reverse mortgages?
Reverse loans, also known as reverse mortgages, are a type of loan that homeowners aged 62 or older can avail to borrow money against the equity in their home. Unlike traditional home loans, reverse loans do not require monthly repayments, and the loan balance increases over time instead of decreasing. This makes them a useful tool for seniors who want to tap into their home equity to supplement their retirement income or cover unexpected expenses. Additionally, reverse loans can provide financial flexibility and peace of mind to retirees who are asset-rich but cash-poor.
Not sure where to get started? That's okay too, we're happy to meet you where you're at and direct you to the right place or person.
Reverse Mortgages at a glance.
- Our reverse loans can be used to finance a single-family home, a two-to-four-unit property, a townhouse, or an FHA-approved condominium.
- If you are struggling to keep up with your mortgage payments, a reverse loan can help you stay in your home by paying off your existing mortgage.
- You can use the funds to make home repairs or modifications that will allow you to age in place.
- Our Las Cruces branch serves the southern New Mexico region, including the towns of Fairacres, La Mesa, and Radium Springs.
Applying for a home has
never been easier
Our quick and secure process takes less than 10 minutes to apply.
Learn more about
reverse mortgages
To apply for a reverse loan, you will need to contact a lender that offers reverse mortgages. The lender will assess your eligibility based on factors such as your age, the value of your home, and your financial situation. You will also need to participate in a mandatory counseling session to ensure that you understand the terms and obligations of the loan.
To be eligible for a reverse loan, you must be at least 62 years old and own your home outright or have a significant amount of equity in it. The home must be your primary residence, and you must continue to pay property taxes, insurance, and maintenance costs.
We provide personalized service to our clients with a dedicated loan officer who can guide them through the application process and answer any questions they may have. If you are looking to secure financial security, you have come to the right place. Contact us today to find out more about reverse loans in Las Cruces.
“I was initially apprehensive about Reverse Mortgages, but my banker recommended that I contact Mann Mortgage to discuss. We were glad we did. Our loan officer took us through the entire process, answered my numerous questions, and assured us that this product would meet our specific needs.”
Michael S.
Let's get you home.
0% down financing for homeowners 62 years and older. Our local loan experts will help guide you.
