Reverse Mortgages

For those 62 and older who own a home:

With a Reverse Mortgage from Sacramento Credit Union, you'll receive payments based on a percentage of the value of your home with no repayment necessary for as long as you live there.

Fixed and variable interest rates available
Receive tax-free funds as a lump-sum of cash, line of credit, monthly cash advances or a combination of options
Keep the title to your home and only be charged interest on the funds you receive
Homeowner is responsible for paying property taxes, insurance and maintenance costs
Any equity left after lender fees goes to you or your heirs
If you receive more payments than your home is worth, you'll never owe more than the value of the home
Insured by the federal government to protect you and your heirs