Reverse Mortgage in Phoenix, AZ

A reverse mortgage in Phoenix, AZ gives homeowners 62 and older the ability to turn home equity into usable cash — without monthly mortgage payments. This can be a powerful tool for retirees who want to stay in their home, boost retirement income, or buy a new residence.

The JD.Mortgage team helps Arizona homeowners make confident, informed decisions about reverse mortgages. Connect with us today to learn what’s possible for your financial future.

What Is a Reverse Mortgage?

A reverse mortgage allows you to convert a portion of your home’s equity into tax-free cash. You retain ownership of your home and aren’t required to make monthly mortgage payments as long as you live in the property as your primary residence.

The loan becomes due when the last borrower moves out, sells the home, or passes away. At that point, the home is typically sold to repay the loan balance.

Most reverse mortgages are FHA-insured under the Home Equity Conversion Mortgage (HECM) program. Learn more about HECM guidelines from HUD.gov.

Still have questions? Schedule a consultation today.

Why Phoenix Is Ideal for a Reverse Mortgage

Home values in the Phoenix metro area have seen significant long-term growth. That means more seniors in Maricopa County have built equity that can now be tapped into safely and strategically.

Whether you live in Ahwatukee, Sun City, Peoria, Glendale, Chandler, or Scottsdale, reverse mortgages may offer the liquidity you need without selling or refinancing into a traditional loan.

Looking to age in place or downsize locally? See what options you qualify for in the Valley today.

Eligibility Requirements

To qualify for a reverse mortgage in Phoenix, you must meet the following:

• Be at least 62 years old
• Live in the home as your primary residence
• Have sufficient equity in the property
• Complete HUD-approved counseling
• Maintain taxes, insurance, and property upkeep

The property must be a single-family home, FHA-approved condo, or certain multi-unit residences.

We’re happy to walk you through eligibility. Contact our team today.

HECM for Purchase in Phoenix

Did you know you can buy a new home using a reverse mortgage? With a HECM for Purchase, eligible buyers can use a large down payment to cover part of the cost, and the reverse mortgage covers the rest — no monthly payments required.

This can be a smart strategy for those relocating to the Phoenix area, or looking to downsize into a more suitable home.

Let us show you how this works for local homeowners and new arrivals alike.

Benefits of Reverse Mortgages

For many seniors, reverse mortgages offer peace of mind and financial freedom. Some of the most common benefits include:

• No monthly mortgage payments required
• Tax-free funds for any purpose
• Flexible disbursement options (lump sum, line of credit, or monthly)
• Protection from market downturns
• You remain the homeowner

Your home remains in your name, and you can never owe more than the home’s value. Learn more about the protections offered under FHA guidelines.

Things to Consider

While reverse mortgages offer many advantages, they’re not right for everyone. It’s important to consider:

• Upfront and ongoing costs
• Impact on your estate and heirs
• Ongoing responsibilities (taxes, insurance, maintenance)

We believe in full transparency and education. Speak with our experts before deciding if this is the right path.

Reverse Mortgage Myths in Phoenix

There are a lot of misconceptions about reverse mortgages. Let’s clear up a few:

• Myth: The bank owns your home — False. You retain ownership and title.
• Myth: You can be forced out — False. As long as you meet requirements, you can stay in your home for life.
• Myth: Your heirs will be stuck with debt — False. The loan is repaid through the home’s sale; heirs are not personally liable.

Want the facts? Let’s talk today.

We Serve All of Greater Phoenix

Our team assists homeowners across the Valley of the Sun. This includes:

• Central Phoenix
• Scottsdale
• Tempe
• Glendale
• Chandler
• Gilbert
• Peoria
• Sun City
• Surprise
• And more

We’re proud to help seniors throughout Maricopa County and beyond. Get started with local experts today.

Other Loan Options Available

Reverse mortgages are just one way we help Arizona homeowners. We also offer:

• VA Loans
• FHA Loans
• USDA Loans
• Down Payment Assistance
• Investment Property Loans
• Non-QM Options
• HELOCs & Second Mortgages
• Construction Loans

Let’s find the right fit for your goals.