Residential
Reverse Mortgage
Unlock the equity in your home and secure your financial future with a CMRE Reverse Mortgage. Designed for homeowners 62 and older, this loan program allows you to access tax-free cash without selling your home, all while enjoying a fixed interest rate starting at 6.875%. A Reverse Mortgage from CMRE can provide financial flexibility and peace of mind during retirement.
Program Benefits
Access tax-free cash from your home equity.
Eliminate monthly mortgage payments.
Maintain ownership and control of your home.
Use the funds for any purpose, such as healthcare, home improvements, or travel.
Enjoy a fixed interest rate starting at 6.875% for predictable costs.
Increase your financial security and independence during retirement.
Program Highlights
Max LTV
97%
Min Credit Score
620
Max DTI
N/A
Loan Amount Range
Varies based on home value and borrower qualifications
Amortization Options
Eligible Properties
- Single Family
- Townhouse
- Condo
Program Requirements
Income Documentation
- •Demonstrate sufficient income to cover property taxes and homeowners insurance.
- •Provide documentation of all income sources, such as Social Security, pensions, and retirement accounts.
- •Meet minimum income requirements as determined by CMRE guidelines.
Asset Verification
- •Provide documentation of all assets, including bank accounts, investment accounts, and retirement funds.
- •Demonstrate sufficient assets to cover any potential financial shortfalls.
- •Meet minimum asset requirements as determined by CMRE guidelines.
Insurance & Title
- •Maintain continuous homeowners insurance coverage.
- •Provide proof of current homeowners insurance policy.
- •Ensure the insurance policy covers the full replacement value of the home.
Property Requirements
- •Minimum FICO score of 620 required.
- •Demonstrate a responsible credit history.
- •No recent foreclosures or bankruptcies.
Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Frequently Asked Questions
A reverse mortgage is a loan available to homeowners aged 62 and older that allows you to borrow against your home equity without making monthly mortgage payments.
To qualify, you must be at least 62 years old, own your home outright or have a low mortgage balance, and occupy the home as your primary residence. You'll also need to meet certain financial assessment requirements.
You can use the funds for any purpose, such as paying for healthcare expenses, home improvements, or supplementing your retirement income.
You retain ownership of your home with a reverse mortgage. However, you must continue to pay property taxes, homeowners insurance, and maintain the property to avoid foreclosure.
Sam K.
Senior Loan Strategist
With over 15 years in the mortgage industry, Sam specializes in complex jumbo and non-qm financing solutions, helping clients navigate unique financial landscapes.
NMLS #12345 | Certified Mortgage Advisor (CMA)
TESTIMONIALS
Success stories from families and investors across the nation who achieved their goals with CMRE.
"I've been working with Custom Mortgage and Real Estate for over five years now, and they've totally helped me get through a bunch of tricky transactions. Their team is super helpful all the way through, making sure everything goes off without a hitch. I seriously recommend Custom Mortgage to anyone who needs financing or a solid real estate broker."
RENE M
"I just worked with Custom Mortgage and Real Estate, and seriously, I can't recommend them enough. They have helped my family and me with a bunch of transactions, always receiving results that nobody else could. Their team is super responsive and really experienced, which made everything go through smoothly with no stress at all."
ARTHUR G
"As an investor in real estate and an agent, I totally count on Custom Mortgage and Real Estate for my deals since they've got loads of experience. They have these unique programs that I just can't find anywhere else, and it really gives me an advantage. After researching a number of companies, the offers from Custom Mortgage were the best out there."
