Reverse Mortgages are loan products which finance the purchase of refinance of residential which will be primary residences for borrowers who are 62 or older.  Reverse Mortgages do not require a monthly mortgage payment (borrowers will still pay real estate taxes, homeowners insurance and/or homeowners association/condo association fess associated with the property).  Reverse Mortgages are typically insured by the Federal Housing Administration.  Reverse Mortgage Counseling, which can be done over the phone or in-person with a HUD Certified Reverse Mortgage Counseling Agency, is required prior to application.

**Sierra Pacific Mortgage, Inc. is not affiliated with or acting on behalf of or at the direction of FHA,VA, USDA or the Federal Government.