The house grew for 25 years. The income stopped.
You own the home outright, or nearly. Its value has climbed for decades.
The money you need is sitting in the walls.
Bring your family. No obligation at all.
- Turns part of your equity into money
- No monthly mortgage payment
- You keep the title and stay put
- You keep paying taxes and insurance
- You still keep the home in good repair
A reverse mortgage suits some households badly. This page covers both sides.
Licensed mortgage broker · NMLS 179997
Office in Vienna, Virginia
We speak 8 languages
Most of what you heard is out of date.
- A reverse mortgage does not mean the bank takes your home—you keep the title.
- Most are HECM loans, insured by the Federal Housing Administration.
- A HECM is non-recourse, so you or your heirs generally cannot owe more than the home’s value.
- FHA insurance covers the gap if the loan balance exceeds the home’s sale price.
- You must continue paying property charges, including taxes, insurance, HOA dues, and upkeep.
- Every borrower must complete independent HUD counseling before getting a reverse mortgage.
Which one of these is you?
A reverse mortgage suits some of these well and others badly. We will tell you which.
You have equity and not enough income
This is the main case. A reverse mortgage turns home equity into monthly money or a lump sum. It removes a mortgage payment without you moving house.
You still have a mortgage you want gone
The existing loan is paid off first. What is left of the principal limit is yours. That principal limit grows with your age and your home value.
You want a cushion, not cash now
A line of credit is the option planners rate most highly. The part you do not use grows over time, so a line of credit opened at 65 is bigger at 75.
You worry about what your children inherit
Your heirs keep whatever equity is left. They can repay the balance and keep the house, or sell and keep the difference. Bring them in early.
You want to live closer to family
H4P, the purchase version, buys a different home with no monthly payment. Downsizing with H4P is the most underused option here.
You are thinking about a short term need
This is where it fits badly. Upfront costs are real, so a reverse mortgage taken for two or three years rarely pays for itself.
You stop paying the bank. The balance still grows.
That is the trade at the centre of a reverse mortgage. Here is the rest of it, plainly.
Who can do it
You must be 62 or over, and the home must be where you live. HUD counselling comes first.
How much you get
Your principal limit is set by your age, the home value and rates. Older borrowers draw more home equity.
What it costs
A HECM carries an FHA insurance premium, an origination fee and normal closing costs. Most of a HECM cost can be added to the loan.
What you keep paying
Property charges. Taxes, insurance, HOA dues and repairs. Miss those and the loan can be called in.
How the balance moves
Interest builds only on what you draw. A line of credit left alone costs nothing, so the balance grows rather than shrinks.
It is not a cheap product. The non recourse protection is part of what you are paying for, and your home equity shrinks as the balance grows.
We will talk you out of it if it is wrong.
This is the one product where the honest answer is often no. We would rather lose the deal than place a reverse mortgage on the wrong household.
We bring your family in
Your heirs deal with this loan one day. Involving them at the start prevents almost every problem we see later.
We treat counselling as the point
HUD counselling is independent of us by design. Ask the counsellor everything, then bring the questions back to us.
We model the costs honestly
Taxes and insurance rise. If the budget only works at todays property charges, that is a reason to pause.
We compare the alternatives
Downsizing, a home equity line, or a normal refinance where income supports it. Sometimes H4P beats all three.
SAI Mortgage, Inc.
Is committed to helping you find the right mortgage product for your needs, whether you’re exploring a home mortgage loan, considering a home mortgage loan in Virginia, or comparing other financing options. We understand that every borrower is different, and we offer a variety of products to meet your individual requirements, ensuring you receive guidance that fits your unique financial goals.
Three steps. That is it.
Most people are pre-approved within two days.
Tell us how you get paid
A short call, in your language if you like. No credit check yet.
We shop it for you
We check many lenders and send you what you qualify for, in writing.
You get the keys
We handle the rest and close on the date you need.
Licensed in Virginia, DC and Maryland.
From our office in Vienna, we serve buyers across the Commonwealth — and your file follows you if you move across state lines.
Northern Virginia
I-95 Corridor
Hampton Roads
Central & Western Virginia
What people ask us first.
The questions that come up on almost every call.
Do I lose my home?
No. A reverse mortgage leaves the title in your name. The loan falls due when the last borrower sells, moves out for good, or dies.
Can I owe more than it is worth?
No. A HECM is non recourse, so you and your estate can never owe more than the sale price. FHA insurance covers any gap.
What happens to my children?
Your heirs repay the balance and keep the house, or sell it and keep whatever home equity is left. They get a set period to decide.
How much can I get?
It depends on your age, the value and rates. Older borrowers get more, and any existing mortgage is repaid first.
Can I still leave it to my family?
Yes. You leave whatever equity remains, which is why an untouched line of credit often suits families best. Ask about H4P if downsizing is on the table.
Bring your family to the first talk.
We explain the whole picture of a reverse mortgage, including the times it is the wrong product, in any of eight languages.
There is no pressure and no clock on our side. A reverse mortgage is a decision to make slowly.