--- title: Reverse Mortgage Products --- [![Elevated Mortgage Concepts Logo](https://elevatedmortgageconcepts.com/hs-fs/hubfs/EMC%20Logo-1.png?width=1162&height=850&name=EMC%20Logo-1.png "Elevated Mortgage Concepts Logo")](https://elevatedmortgageconcepts.com?hsLang=en) - [About Us](https://elevatedmortgageconcepts.com/about-us) - [Your Questions Answered](https://elevatedmortgageconcepts.com/your-questions-answered) - [Reverse Mortgage Programs](https://elevatedmortgageconcepts.com/reverse-mortgage-products) - [Contact Us](https://elevatedmortgageconcepts.com/contact-us) Open main navigation Close main navigation - [About Us](https://elevatedmortgageconcepts.com/about-us) - [Your Questions Answered](https://elevatedmortgageconcepts.com/your-questions-answered) - [Reverse Mortgage Programs](https://elevatedmortgageconcepts.com/reverse-mortgage-products) - [Contact Us](https://elevatedmortgageconcepts.com/contact-us) Search - There are no suggestions because the search field is empty. Learn how reverse mortgages work, the types of reverse mortgages available, and eligibility requirements. Discover how our financial experts can guide you through the process with clarity and care.   # Reverse Mortgage Products Whatever your retirement goals, Elevated Mortgage Concepts, LLC will work with you to find a solution to meet your needs.   ![HECM](https://elevatedmortgageconcepts.com/hs-fs/hubfs/Mortgage%20Loan%20Approved.png?width=125&height=125&name=Mortgage%20Loan%20Approved.png "HECM") ###### HECM [Learn More](https://elevatedmortgageconcepts.com/hecm?hsLang=en) ![Home Loan](https://elevatedmortgageconcepts.com/hs-fs/hubfs/Home%20Loan.png?width=125&height=125&name=Home%20Loan.png "Home Loan") ###### Purchase [Learn More](https://elevatedmortgageconcepts.com/purchase?hsLang=en) ![Jumbo Loan](https://elevatedmortgageconcepts.com/hs-fs/hubfs/Diamond.png?width=125&height=125&name=Diamond.png "Jumbo Loan") ###### Jumbo Loan [Learn More](https://elevatedmortgageconcepts.com/jumbo-loans?hsLang=en) ![6](https://elevatedmortgageconcepts.com/hs-fs/hubfs/06.png?width=125&height=125&name=06.png "6") ###### HECM 2nd [Learn More](https://elevatedmortgageconcepts.com/hecm-2nd?hsLang=en) ![Senior couple with real-estate agent visiting house for sale](https://elevatedmortgageconcepts.com/hs-fs/hubfs/Senior%20couple%20with%20real-estate%20agent%20visiting%20house%20for%20sale.jpeg?width=1000&height=667&name=Senior%20couple%20with%20real-estate%20agent%20visiting%20house%20for%20sale.jpeg) ## Reverse Mortgage Eligibility As a government-supported loan, reverse mortgages come with specific prerequisites that borrowers are required to satisfy. These conditions serve as essential criteria for eligibility. **1. ** The primary borrower needs to be a minimum of 62 years old. **2. ** You must either own your home fully or have significantly paid down the mortgage. **3. ** The property should serve as your principal residence. **4. ** Ongoing payment of property taxes, homeowners' insurance and association dues is mandatory. ## Features & Safeguards The reverse mortgage products have evolved over the years to better align with the needs of older adults, accompanied by the implementation of crucial safeguards to protect consumers when applying for a reverse mortgage loan.   - Completion of a reverse mortgage counseling session is required, conducted by a HUD-approved independent agency. - A thorough financial assessment is mandatory to determine your capability to meet the financial responsibilities associated with the loan, including property tax and homeowners' insurance payments. - If your spouse is under the age of 62, they may qualify as an eligible non-borrowing spouse, allowing them to stay in the home in case of your absence or passing, provided they continue to meet all loan obligations. **Unlike a forward mortgage, the balance of the loan grows over time as interest and mortgage insurance premium are added to the loan balance montlhly.**   ![Senior woman at optical store choosing eyeglasses](https://elevatedmortgageconcepts.com/hs-fs/hubfs/Senior%20woman%20at%20optical%20store%20choosing%20eyeglasses.jpeg?width=1000&height=667&name=Senior%20woman%20at%20optical%20store%20choosing%20eyeglasses.jpeg) ## **Ready to create a real plan to accomplish your financial goals?** Call one of our mortgage specialists today and together we can determine if a reverse mortgage is the solution for your financial future [Call us Today!](tel:5617836330) [![Elevated Mortgage Concepts Logo_White-1](https://elevatedmortgageconcepts.com/hs-fs/hubfs/Elevated%20Mortgage%20Concepts%20Logo_White-1.png?width=350&height=260&name=Elevated%20Mortgage%20Concepts%20Logo_White-1.png "Elevated Mortgage Concepts Logo_White-1")](https://elevatedmortgageconcepts.com?hsLang=en) Seize Retirement with Confidence: Elevate Your Lifestyle with Elevated Mortgage Concepts - [Home](https://elevatedmortgageconcepts.com) - [About Us](https://elevatedmortgageconcepts.com/about-us) - [Reverse Mortgage Programs](https://elevatedmortgageconcepts.com/reverse-mortgage-products) - [Your Questions Answered](https://elevatedmortgageconcepts.com/your-questions-answered) - [Contact Us](https://elevatedmortgageconcepts.com/contact-us) - [Accessibility](https://elevatedmortgageconcepts.com/accessibility) - [Privacy Policy](https://elevatedmortgageconcepts.com/privacy-policy) - [Customer Complaint Policy](https://elevatedmortgageconcepts.com/customer-complaint-policy) [facebook-f icon](https://www.facebook.com/profile.php?id=61552665748509) [linkedin-in icon](https://www.linkedin.com/company/elevated-mortgage-concepts-llc/) [Twitter icon](https://twitter.com/Elevated_MC_Llc) [instagram icon](https://www.instagram.com/elevated_mortgage_concpets/)   NMLS #2492212. Go here for the [Elevated Mortgage Concepts consumer access page](https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/2492212).     Florida Mortgage Broker License MBR6620  All Loans arranged through 3rd Party Lenders For Reverse Loans: When the loan is due and payable, some or all of the equity in the property that is the subject of the reverse mortgage no longer belongs to borrowers, who may need to sell the home or otherwise repay the loan with interest from other proceeds. The lender may charge an origination fee, mortgage insurance premium, closing costs and servicing fees (added to the balance of the loan). The balance of the loan grows over time and the lender charges interest on the balance. Borrowers are responsible for paying property taxes, homeowner’s insurance, maintenance, and related taxes (which may be substantial). We do not establish an escrow account for disbursements of these payments. A set-aside account can be set up to pay taxes and insurance and may be required in some cases. Borrowers must occupy home as their primary residence and pay for ongoing maintenance; otherwise the loan becomes due and payable. The loan also becomes due and payable (and the property may be subject to a tax lien, other encumbrance, or foreclosure) when the last borrower, or eligible non-borrowing surviving spouse, dies, sells the home, permanently moves out, defaults on taxes, insurance payments, or maintenance, or does not otherwise comply with the loan terms. Interest is not tax-deductible until the loan is partially or fully repaid. ![863DEBE0-E2CE-4002-A603-222B464AC909](https://elevatedmortgageconcepts.com/hs-fs/hubfs/863DEBE0-E2CE-4002-A603-222B464AC909.png?width=50&height=55&name=863DEBE0-E2CE-4002-A603-222B464AC909.png "863DEBE0-E2CE-4002-A603-222B464AC909") © 2026 All rights reserved. Website by [Lucid Edge.](http://Www.thelucidedge.com)