Explore Our Reverse Mortgage Services

Single-Purpose Reverse Mortgage in Washington: A Low-Cost Solution for Essential Expenses
If you’re a senior homeowner in Washington State looking for an affordable way to cover essential expenses, a Single-Purpose Reverse Mortgage could be the perfect fit. Offered by state and local government agencies or nonprofit organizations, this specialized loan is designed to help low- to moderate-income seniors with specific financial needs, such as paying property taxes or making critical home repairs.

Unlike traditional reverse mortgages, the single-purpose reverse mortgage limits how you use the funds, but in return, it typically comes with much lower fees and interest rates. It’s a practical, budget-friendly option for those who want targeted government reverse mortgage assistance without taking on unnecessary debt.

Whether you’re looking for a home repair reverse loan or help catching up on property taxes, this program may offer the financial relief you need—without the high costs of private lending options.

Benefits for Washington Seniors:

• Offered by Washington-based agencies and nonprofits
• Helps cover essential expenses only
• Designed for low- to moderate-income homeowners
• Lower costs than traditional reverse mortgages
• Ideal for property tax relief and home repairs

Looking for Low-Cost Reverse Mortgage Options in Washington?
Explore how a single-purpose reverse mortgage in Washington can help you stay in your home and maintain your financial independence. Contact your local housing agency or senior services center to see if you qualify.

HECM Reverse Mortgage in Washington: A Flexible, FHA-Backed Retirement Solution

If you’re a homeowner in Washington State aged 62 or older, the Home Equity Conversion Mortgage (HECM) offers a powerful and flexible way to tap into your home’s equity—without making monthly mortgage payments. Backed by the Federal Housing Administration (FHA), this government-insured reverse mortgage is the most widely used option in the country.

The FHA reverse mortgage provides Washington seniors with several flexible payout options to support their retirement needs, including:

• A lump sum
• Monthly payments
• A growing line of credit
• Or a combination of these

Whether you’re looking to supplement your income, cover healthcare expenses, or create a financial safety net, the HECM program adapts to your goals while keeping you in the home you love.

As part of its built-in consumer protections, all borrowers in Washington must complete HUD-approved reverse mortgage counseling to ensure the loan is a good fit for their financial situation.

Why Choose an FHA HECM Reverse Mortgage in Washington?

• No monthly mortgage payments required
• Multiple payout options tailored to your retirement
• Insured and regulated by the FHA
• Available across all counties in Washington
• Comes with mandatory counseling for added peace of mind

Ready to Learn More?
Explore how a HECM reverse mortgage in Washington can give you the financial flexibility and security you need in retirement. Connect with a local HUD-approved lender to find out how much equity you can access.

Jumbo & Proprietary Reverse Mortgages in Washington: A Smart Solution for High-Value Homes

If you’re a homeowner in Washington State with a high-value property, a Proprietary Reverse Mortgage—also known as a Jumbo Reverse Mortgage—could be the ideal way to unlock more of your home’s equity. Unlike HECMs, these private reverse mortgage options are offered by financial institutions and are not backed by the government.

Because Washington has many areas with above-average home values (especially in places like Seattle, Bellevue, and the Puget Sound region), traditional FHA lending limits may not be enough. A proprietary reverse mortgage lets you borrow significantly more, with fewer restrictions and greater flexibility in how you use the funds.

Whether you’re looking to supplement retirement income, fund a major renovation, or create a financial buffer, this high-value home loan gives you the freedom to do more with your equity.

Proprietary Reverse Mortgage Benefits for Washington Homeowners:

• Designed for homes exceeding FHA loan limits
• Access more equity than with a traditional reverse mortgage
• No mortgage insurance premiums
• Funds can be used without government restrictions
• Available to homeowners as young as 55, depending on the lender

Why Washington Residents Choose Jumbo Reverse Mortgages:
With Washington’s strong housing market and high property values, many homeowners don’t qualify for full loan amounts under FHA’s HECM program. A jumbo reverse mortgage in Washington bridges that gap—offering a customized solution for those with substantial equity.

Ready to Unlock More Equity?
Discover how a proprietary reverse mortgage in Washington can provide greater financial freedom. Speak with a local reverse mortgage specialist to learn how much you can qualify for based on your home’s value.

Whether you’re looking for a government-backed HECM, need the higher limits of a proprietary loan, or want an affordable single-purpose option, we’re here to help. Our licensed mortgage specialists offer personalized support, clear answers, and trusted advice — so you can make informed decisions with confidence.