FHA - HECM (Home Equity Conversion Mortgage) This plan provides cash, a line of credit* or monthly income (or any combination) for a fixed term or as long as you live in your home. Features and Benefits: Maximum Lending Limit – varies  depending on the geographic area Government Insured Program Available to homeowners 62 or older Variable T-Bill interest rate plus margin is adjusted monthly or annually Flexible Payment Option * Available balance on line of credit grows annually Rising debt loan; may not preserve equity Loan origination and closing costs may be financed by the loan A monthly servicing fee is added to the loan balance Counseling by an approved Fannie Mae or HUD counselor is required Social Security or Medicare eligibility may not be affected, and generally neither are SSI or Medicaid/MediCal (Consult The Social Security Administration and your tax advisor) No income qualifications Use of loan proceeds not restricted * Loan proceeds are tax-free Generally takes 30-60 days to complete the loan * Not all products and options available in all states HomeKeeper by Fannie Mae This plan provides cash, a line of credit* or monthly income (or any combination) for as long as you live in your home. Features and Benefits: Maximum Lending Limit: $417,000  Government Sponsored Enterprise Program Available to homeowners 62 or older Variable CD interest rate plus margin is adjusted monthly Flexible Payment Option * Rising debt loan; may not preserve equity Loan origination and closing costs may be financed by the loan A monthly service fee is added to the loan balance Counseling by an approved Fannie Mae or HUD counselor is required Social Security or Medicare eligibility may not be affected, and generally neither are SSI or Medicaid/MediCal (Consult The Social Security Administration and your tax advisor) No income qualifications Use of loan proceeds not restricted * Loan proceeds are tax-free Generally takes 30 days to complete the loan process * Not all products and options available in all states Reverse Mortgage Jumbo Account (Contact us for availability in your state) The Reverse Mortgage Jumbo Account offers several options to provide seniors with a broad range of choices to access significant home equity opportunities.  The Reverse Mortgage Jumbo Account ™ is similar to home equity loans offered by banks.  The benefit is a function of the home value and age with no income qualification.  No repayment is required until the borrower permanently moves out of the home. Features and Benefits: Designed for borrowers age 62 years or older Virtually no maximum home value or loan limit No equity or appreciation sharing and no maturity fee Proceeds/advances are not taxable No prepayment penalty Loan is non-recourse Servicing fee is automatically financed on the account monthly (no servicing fee in Illinois and Maryland) Eligible home types: single family detached, manufactured, condo, PUD, 1-4 rental unit if one is owner occupied, COOPS in New York State Counseling by an independent counselor Minimum home value at origination: $75,000 Not all products and options available in all states.