The Indiana

Reverse Mortgage Center

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Reverse mortgages - No shame, No Risk just a wise way to use your greatest asset

Don’t make compromises?
Don’t depend on your children?
Live your life to the fullest using the most valuable investment you ever made (your home) with a HUD reverse mortgage?

• NO,... you will not lose your home!
• NO,... you will not leave your children a debt!
• NO,... It’s not an embarrassment to use a financial resource that you worked so hard to create!!

HUD reverse mortgages NEVER require repayment as long as you live in your Indiana home. Lenders get their investment back, when you or your benefactors sell the home. Whatever “equity” is left in the home belongs to the homeowner or to their survivors.  If the proceeds aren’t sufficient to pay the balance, the Government (HUD) will pay the Lender the difference. The FHA, part of HUD, collects insurance premiums from all Indiana borrowers to provide this coverage, and that makes the program the only government insured reverse mortgage program available.

Life without compromize

Reverse mortgage amounts are determined by your age, the interest rate, and property value. The older you are, the larger the percentage of the property value that you can borrow against.

For example, based on a loan at an interest rate of 4 percent, a 65-year-old could borrow up to 60 percent of the home's value, a 75-year-old could borrow up to 70 percent of the home's value, and an 85-year-old could borrow up to 80 percent of the home's value.

There are no asset or income limitations on borrowers receiving HUD's Home Equity Conversion Mortgage (HECM).

There are also no limits on the value of homes qualifying for a HUD reverse mortgage. However, the amount that may be borrowed is capped by the maximum FHA mortgage limit for the area, which varies from $160,176 to $290,319, depending on local housing costs.

HUD's reverse mortgage program collects funds from insurance premiums charged to borrowers. Senior citizens are charged 2 percent of the home's value as an up-front payment plus one-half percent on the loan balance each year. These amounts are usually paid by the mortgage company and charged to the borrower's principal balance.

FHA's reverse mortgage insurance makes HUD's program less expensive to borrowers than the smaller reverse mortgage programs run by private companies without FHA insurance

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First Name: Last Name: Day Phone: Eve Phone: E-Mail: Your Reverse Mortgage Question or Concern:   It’s that simple,...Just your name and 1 phone number or email address is all it takes to get on your way to living without sacrifice with a HUD Reverse Mortgage!! Once you have completed this expression of interest or application your information will be sent to HomeStar Financial. A representative from HomeStar Financial may contact you by telephone or email. By submitting your expression of interest you are consenting to receive telephone calls or email from HomeStar Financial.  We will need additional information to get your free Credit report and send you our “Insider Reports”.

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HomeStar Financial, LLC. - Licensed Reverse Mortgage Specialists for Indiana working form our headquarters at: 4460 Carver Woods Drive, Suite 110 - Cincinnati, OH 45242 - Call: 1-800-259-9334

License Information
Indiana - HUD Exemption

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