Bay Equity offers a full line of the HUD-insured Home Equity Conversion Mortgage (HECM) and proprietary reverse mortgages.

Available to borrowers 55 and older, proprietary, or private, reverse mortgages are more “builder-friendly” than traditional HUD-insured loans and have no maximum home value limits and no government insuring fees. *

Unlike the HUD loans, proprietary reverse mortgages allow for builder/seller concessions on purchase contracts which allows you to take greater advantage of builder incentives. With greater flexibility comes greater opportunity and a better home financing experience.

Proprietary reverse mortgages are not available in all states. Contact your loan officer for more information. We will help you to compare to pick the one that’s right for you,

*This material is not from HUD or the FHA, and this document is not approved by HUD or by the FHA or any other Federal Agency. Not available in all state. Contact your loan officer for more information.