HENDERSON, NEVADA

Helping Henderson homeowners 55+ explore ways to use housing wealth to improve cash flow, create greater financial flexibility, or purchase their next home.

Rick R. Rodriguez, CRMP®
National Director of Reverse Mortgages
Reverse Mortgage Specialist Since 2005

★★★★★ 130+ Google Reviews

For many Henderson homeowners, their home represents one of their largest retirement assets. A reverse mortgage may provide a way to access a portion of that housing wealth without selling the home or taking on a required monthly principal and interest mortgage payment.

Depending on your age, home value, existing mortgage balance and financial goals, a reverse mortgage may be used to pay off an existing mortgage, establish a line of credit, provide additional liquidity, or help purchase a new primary residence.

The goal isn’t simply to determine whether you qualify. It’s to understand your options and determine whether incorporating housing wealth into your retirement strategy makes sense for you.

The FHA-insured Home Equity Conversion Mortgage (HECM) is the most common reverse mortgage and is available to eligible homeowners age 62 and older.

A HECM may allow you to pay off an existing mortgage, access funds as a line of credit or monthly advances, or create additional financial flexibility in retirement.

Proprietary reverse mortgages may be available to eligible homeowners beginning at age 55 and can provide additional options for higher-value homes or situations that may not fit traditional HECM guidelines.

These privately insured programs can offer different loan amounts, features and qualification options depending on the homeowner’s situation.

A reverse mortgage line of credit can provide access to home equity when needed. With an adjustable-rate HECM, the unused portion of the available line of credit grows over time, regardless of changes in the home’s value.

This can provide an additional source of liquidity alongside investments, Social Security and other retirement assets.

Eligible homebuyers can use a reverse mortgage to purchase a new primary residence with a one-time investment at closing and no required monthly principal and interest mortgage payments.

This can be especially useful for retirees relocating to Henderson who want to preserve more of the proceeds from the sale of their previous home rather than using all cash to purchase their next home.

Borrowers remain responsible for property taxes, homeowners insurance, applicable HOA dues, and maintaining the home. The home must be the borrower’s primary residence. Age eligibility for proprietary programs varies by product.

Henderson is home to a number of 55+ and active-adult communities where housing wealth can play an important role in retirement planning. Whether you already live in Henderson or are considering moving here, a reverse mortgage may provide options for accessing home equity or purchasing your next primary residence.

Sun City Anthem is one of Henderson’s largest and best-known 55+ communities. Homeowners may explore a reverse mortgage to eliminate an existing mortgage payment, establish access to additional funds, or use housing wealth as part of their overall retirement strategy.

Sun City MacDonald Ranch is an established 55+ community in Henderson offering single-story homes and an active-adult lifestyle. Reverse mortgage options may be available to existing homeowners as well as eligible buyers looking to purchase a primary residence in the community.

You don’t need to live in a designated 55+ community to qualify for a reverse mortgage. Rick works with homeowners throughout Henderson, including Green Valley, Green Valley Ranch, Anthem, Inspirada, Seven Hills, Lake Las Vegas, MacDonald Highlands, Cadence, Whitney Ranch and surrounding neighborhoods.

Henderson continues to attract retirees who are looking for an active lifestyle, desirable communities and the advantages of living in Southern Nevada.

If you’re selling a longtime home and moving to Henderson, paying cash for your next home isn’t your only option. Eligible homebuyers age 62+ may be able to use a HECM for Purchase to buy their new primary residence with a one-time investment at closing and no required monthly principal and interest mortgage payments.

For buyers age 55+, certain proprietary reverse mortgage purchase programs may also be available.

Using a reverse mortgage for purchase can allow you to retain more of the proceeds from the sale of your previous home for investments, reserves, travel, healthcare or other retirement priorities rather than putting all of those funds into the new home.

Every homeowner’s situation is different. The amount available from a reverse mortgage depends on factors including your age, home value, existing mortgage balance, interest rates and the reverse mortgage program you choose.

Whether you currently live in Henderson or are considering purchasing a home here, I can prepare a personalized analysis showing the options that may be available to you.

Prefer to talk? Call Rick at (702) 460-6222