Leave your low interest rate 1st mortgage in place, and see what you qualify for with a Reverse 2nd Mortgage — a one-time lump sum with no required monthly payments.
Borrower & Location
Must be 55 or older for the Proprietary Reverse 2nd.
Reverse 2nd is available in 16 states.
The Reverse Mortgage 2nd is not currently available in your state. This product is only offered in: Arizona, California, Colorado, Connecticut, Florida, Illinois, Indiana, Michigan, Montana, Nevada, Ohio, Oregon, South Carolina, Texas, Utah, and Washington.
Property & Existing Mortgage
Estimated current market value of your home.
$
Your existing 1st mortgage stays in place — enter the current payoff balance.
$
Calculation Results
Maximum Loan Cap Applied: The Reverse Mortgage 2nd has a maximum loan amount of $1,000,000. Your estimated principal limit of has been capped.
Estimated Reverse Mortgage 2nd
Estimated Max LTV
Effective Home Value
Estimated Principal Limit
?
The maximum total reverse mortgage amount based on your age and home value, before subtracting your existing 1st mortgage balance.
Current 1st Mortgage Balance
Estimated Reverse Mortgage 2nd
Your current 1st mortgage balance exceeds the estimated principal limit. There is not enough equity available for a Reverse Mortgage 2nd at this time.
Note: The Reverse Mortgage 2nd is a fixed-rate reverse mortgage that provides a one-time lump sum with no required monthly payments. This is not a Line of Credit that you can draw on. Funds can be used for debt consolidation, medical expenses, home improvements, or other needs.
Disclaimer: This is an estimate only. Actual eligibility and proceeds depend on interest rates, property type, state limits, fees/closing costs, occupancy, credit score, and financial assessment. The Reverse Mortgage 2nd is a fixed-rate product with a maximum loan amount of $1,000,000. This product is only available in select states and through approved lenders. This calculator is for informational and educational purposes only and does not constitute a loan offer, pre-qualification, or financial advice. Please consult a qualified reverse mortgage professional for a personalized quote and official eligibility determination.