SKIP TO MAIN CONTENT
Logo
  • apply online
  • loan programs
    • conventional
    • portfolio
      • 1099
      • asset utilization
      • bank statement
      • bridge loan
      • DSCR
      • foreign national
      • no income
      • non permanent
      • profit loss
      • WVOE
    • va
    • jumbo
    • new construction
    • fha
    • usda
    • reverse mortgage
  • recently funded
  • mcf resources
    • calculate payment
      • annual percentage rate
      • debt consolidation
      • early payoff
      • payment amortization
      • prepayment savings
      • refinance break even
      • rent vs own
      • tax savings
    • market reports
      • 2022 archive
      • 2021 archive
      • 2020 archive
    • portal guide
  • about us
    • contact us
    • management team
    • careers
  • LOAN PORTAL

REVERSE MORTGAGE

Reverse mortgages are backed by the federal government and are FHA insured. Designed for seniors 62 and older who own and occupy their home, reverse mortgages allow eligible homeowners to access money built up as equity in their home. Benefits of a reverse mortgage include tax-free funds, no loan repayment, no income, no medical or credit requirements. The homeowner retains ownership for life, GUARANTEED.

CLICK TO APPLY -- PURCHASE
CLICK TO APPLY -- REFINANCE

Overview:

 

  • Insured by the Federal Housing Administration (FHA)

 

  • Must be 62 years of age or older

 

  • Own property outright or paid-down a considerable amount

 

  • Property must be occupied as principal residence

 

  • Not be delinquent on any federal debt

 

  • Single-family residence or 2–4-unit property with one unit occupied by borrower

 

  • Manufactured homes and Condo units must meet FHA requirements

 

  • Income, assets, monthly living expenses and credit history will be verified

 

  • Borrowers must pay real estate taxes and homeowner's insurance annually

 

  • No restrictions on how funds from reverse mortgage are used
  • licensing
  • privacy policy

ABOUT MCF MORTGAGE

 

We have built a powerful reputation as an outstanding mortgage lender serving the lending needs of real estate professionals, builders, and individual homebuyers and homeowners. As a full-service mortgage lender, we have experienced staff offering expertise in every area of mortgage lending ... from purchase to refinance to construction lending. We provide access to a full range of mortgage sources and all our lending specialists are dedicated to finding the right loan - with the best rates, terms, and costs - to meet their unique needs.

 

Texas Complaint/Recovery Fund Notice

 

Corporate NMLS: 1061701

www.nmlsconsumeraccess.org

Corporate Headquarters

 

3 Bethesda Metro Center, Suite 700

Bethesda, MD 20814

(800) 990-2789 | info AT MCFmortgage.com

ABOUT MCF MORTGAGE

 

We have built a powerful reputation as an outstanding mortgage lender serving the lending needs of real estate professionals, builders, and individual homebuyers and homeowners. As a full-service mortgage lender, we have experienced staff offering expertise in every area of mortgage lending ... from purchase to refinance to construction lending. We provide access to a full range of mortgage sources and all our lending specialists are dedicated to finding the right loan - with the best rates, terms, and costs - to meet their unique needs.

 

Texas Complaint/Recovery Fund Notice

 

Corporate NMLS: 1061701

www.nmlsconsumeraccess.org