Age in place at your home, financially independent, using your earned equity

Onward’s Home Equity Conversion Mortgage (HECM) loans – commonly called reverse mortgages, are popular with retirement-age borrowers. Onward has worked with our partners to develop a HECM Line of Credit option, which is comparable to a traditional Home Equity Line of Credit (HELOC), but offers some very distinct advantages for older borrowers.

Discover the advantages of an Onward HECM loan

Retain your home

  • Age in place

  • Free up your earned equity

No monthly mortgage repayments

  • No rising loan payments

  • Pay off when you sell your home

Take out only what you need upfront

  • Borrower more later, on the same line

  • Line cannot be revoked or reduced

  • Line grows as your home equity increases

Federal Housing Administration (FHA)-insured loan

Who qualifies

  • Over 62 years old
  • Own and live in primary residence worth less than $822,375
  • Looking to reduce living expenses
  • Looking to make improvement to age in place
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Onward Financing
Corporate Headquarters:
6130 Blue Circle Drive | Suite 200

Minnetonka, MN 55343

Arizona Office:
60 E. Rio Salado Parkway | Suite 900

Tempe, AZ 85281

c: 833-4onward

e: info@onwardfinancing.com

w: onwardfinancing.com

NMLS 1635413


This is an FHA-insured loan. Homeowners must be 62 years of age or older and live in the home as their primary residence. Homes must meet FHA/HUD minimum property standards. Borrowers must maintain hazard and flood insurance premiums, property taxes, utilities and make any property repairs. Although there are no mandatory monthly principal and interest mortgage payments, interest accrues on the portion of the loan amount disbursed if no payments are made. Reverse mortgages can use up all or some of the equity in your home and the amount you owe can increase over time. Loan must meet underwriting requirements. Program rates, fees, terms and conditions are not available in all states and subject to change. All products and services offered through Mid America Mortgage, Inc. NMLS# 150009. This document is advertising by Mid America Mortgage, Inc. and it not from FHA/HUD. This document is not approved by any government agency. A reverse mortgage is a loan.


© 2021 Onward Insurance, LLC. All rights reserved. Not all that apply may qualify.