Benefits & Safeguards

Benefits

• No monthly mortgage payments required.
• Funds can be used for any purpose — retirement income, home repairs, travel, or healthcare.
• You keep the title and remain the homeowner.
• Flexible payout options (line of credit grows over time at the effective interest rate)

Safeguards

• FHA insurance protects borrowers and spouses. Regulations have evolved since 2015.
• Non-recourse loan — you or your heirs never owe more than the home’s value.
• Mandatory HUD counseling ensures informed decisions.
• Surviving spouses are protected if they meet program requirements.