Reverse Mortgages

Move forward by going in reverse
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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