Personal Banking

Reverse Mortgages

This Reverse Mortgage program is for homeowners age 62+ who have built up equity in their homes.

  • Eligible properties include single-family homes, condominiums and townhouses, or a two-to-four unit dwelling
  • Cash advances can be used for any purpose
  • Retain title to your property
  • Receive cash in monthly payments, a lump sum, a line of credit, or any combination of these
  • Social Security and Medicare are not affected

Access the equity in your home for:

  • Medical expenses
  • Home improvement
  • Payoff debt
  • Traveling
  • Grandchildren’s education
  • To add additional income to your monthly budget

Wells Fargo Home Mortgage, division of Wells Fargo Bank, N.A., is the administrator of this reverse mortgage program.