Let's Retire Better!
Get peace of mind, catch up on bills, relieve stress and plan for a better retirement and solid future!
Retire Better with a Reverse Mortgage
We did one of the FIRST Reverse Mortgages and are one of the top Reverse Mortgage Lenders in the Southwest!
About Reverse Mortgage
What is a Reverse Mortgage?
Did you know that Sun American Mortgage does more reverse mortgages than any other company in the Southwest!? A reverse mortgage is a type of home loan for older homeowners (62 years or older) that requires no monthly mortgage payments. This is an FHA insured loan. A reverse mortgage loan allows those who are at least 62 years of age, or older, to pay off a forward mortgage loan or use the equity in their home for other purposes. In general terms, a borrower needs at least 40 to 57% (depending on age) in equity to be able to purchase or refinance with a reverse mortgage loan.
The amount varies depending on the age of the borrowers. Those who qualify on a reverse mortgage refinance can receive a lump sum of cash, a monthly income, a line-of-credit, or a combination of those things. In a traditional mortgage loan, you pay the lender, but with a reverse mortgage the lender pays you!
Contact one of our Reverse Mortgage Specialists to find out if a Reverse Mortgage is right for you!
*Must be 62 years or older to qualify. Borrower must have a minimum percentage of equity in the home to qualify. Other terms and conditions may apply
*Loan terms and limits subject to change. This page is for educational purposes only and is not a commitment to lend.
We're your local experts with some of the lowest costs. If you’re thinking about applying for a reverse mortgage to position yourself for a better financial future, we are here to help you!
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Discover your retirement possibilities with a reverse mortgage
Flexible Repayent
No loan repayment required as long as you live in your home
- Gain peace of mind
Full Protection
You and your heirs are protected in case the housing market declines
- Enjoy your retirement
The Reverse Mortgage is a Possibility!
Getting a reverse mortgage has never been so easy. We take pride in providing the easiest process so you can kick back and relax.
