Explore Our Reverse Mortgage Services

An Affordable, Targeted Loan Option to Support Your Home and Your Retirement

For many seniors in Arizona, managing the costs of home repairs or property taxes on a fixed income can be a real challenge. A Single-Purpose Reverse Mortgage offers a smart, low-cost way to address specific financial needs—without having to sell or leave your home.

This unique type of reverse mortgage is designed for a specific purpose, such as paying for home improvements or property tax bills, and is often offered by state or local government agencies and nonprofit organizations.

How Single-Purpose Reverse Mortgages Work in Arizona
Unlike traditional reverse mortgages, which can be used for any purpose, single-purpose reverse mortgages are more limited—but also more affordable. Here’s how they work:

• Designed for Specific Needs: Funds can only be used for a single, lender-approved expense like home repairs, critical maintenance, or property taxes.
• Lower Costs: Because they’re often funded by local governments or nonprofits, fees and interest rates tend to be much lower.
• Stay in Your Arizona Home: You retain full ownership and can remain in your home while addressing essential financial needs.
• Arizona Availability: Availability may vary by county or city. Seniors in areas like Phoenix, Tucson, and Flagstaff may have access through local housing programs.

Single-purpose reverse mortgages are ideal for low-to-moderate income seniors in Arizona who need help with a specific expense and want to avoid the higher costs of a traditional reverse mortgage.

Unlock the Power of Your Home Equity and Retire with Confidence in Arizona

If you’re a senior homeowner in Arizona looking for ways to supplement your income during retirement, a Home Equity Conversion Mortgage (HECM) could be a smart financial solution. Backed by the Federal Housing Administration (FHA), HECM is the most common type of reverse mortgage available—and it’s designed to help seniors 62 and older turn part of their home equity into tax-free cash, all while remaining in the home they love.

How HECM Works for Seniors in Arizona
Here’s what makes HECM especially valuable for Arizona retirees:

• No Monthly Mortgage Payments – Free up monthly cash flow (you’ll still need to pay property taxes, homeowners insurance, and maintain the home).
• Flexible Payout Options – Choose a lump sum, monthly payments, line of credit, or a combination that suits your needs.
• Live in Your Home – Whether you’re in Phoenix, Tucson, Prescott, or a quiet desert town, you can stay in the home you love while accessing its equity.
• Federally Insured – HECM loans are backed by the FHA, offering an added layer of security and consumer protections.

If you’re a senior homeowner in Arizona, a HECM reverse mortgage might be the key to a more secure and comfortable retirement. Our team of Arizona-based reverse mortgage specialists can help you explore your options with a free, no-pressure consultation.

If you’re a senior homeowner in Arizona with a high-value property, a Proprietary Reverse Mortgage—also known as a Jumbo Reverse Mortgage—might be the perfect solution to tap into more of your home’s equity than a standard FHA-backed loan allows.

These loans are offered by private lenders and are specifically designed for homes that exceed the federal lending limits of traditional reverse mortgages, giving Arizona retirees more financial flexibility in retirement.

Key Features for Arizona Seniors

• Higher Lending Limits – Ideal for homes valued above FHA caps, often exceeding $1 million.
• No Monthly Mortgage Payments – Just like other reverse mortgages, repayment is deferred until you move out, sell, or pass away.
• Flexible Payout Options – Receive your funds as a lump sum, structured payments, or a line of credit.
• No Mortgage Insurance Premiums (MIP) – Since these are not FHA-insured, MIP fees don’t apply.
• Remain in Your Arizona Home – Stay in your primary residence while enjoying the financial benefits.

If you own a high-value home in Arizona and are looking for greater financial flexibility, a proprietary reverse mortgage could be your next smart move. Our experienced Arizona-based advisors will walk you through your options with clarity and care.