HECM1

Reverse Mortgages

Apply For Loan


Submit your information quickly and easily with our top-notch online application system

Get Pre-approved


Stand out from other buyers and shop with confidence after you receive a pre-approval letter

Buy A House


Shop around, make an offer, and move into the home of your dreams


Benefits

  • Stay in your home
  • Eliminate your monthly mortgage payment (must pay property taxes, homeowners’ insurance, homeowners association/condo dues [if applicable], and home maintenance)
  • Turn the home equity you’ve built into proceeds you can use in retirement
  • Finally, make that equity work for you after years of paying your mortgage

You Have Options

We understand that you may not have the time to research all of the different loan programs available or you might not even be aware of most of them. That's why our team of experts is here to help! We will work with you to find the best loan program for your specific situation.


Eligibility

  • The youngest borrower must be 62 years or older (HECM)
  • Primary residence only
  • Attend Housing and Urban Development Department (HUD)-approved counseling
  • Meet credit and income guidelines
  • Home must meet FHA property standards
Reach Out


What you can do with a HECM:

  • Eliminate your current mortgage
  • Pay day-to-day expenses
  • Right-size with a HECM for Purchase
  • Meet long-term care expenses
  • Make home modifications
  • Defer Social Security
  • Build an emergency fund
  • And so much more!

Let's Get Started

Other Loan Options

  • Conventional Loans - Conventional Loans are the most common type of home loan, probably due to their many benefits.
  • FHA Loans- An FHA home loan is backed by the government and may be a good option if you have limited savings or a lower credit score.
  • VA Loans - VA Loans, also known as Veterans Affairs Loans or Military Home Loans, are mortgages backed by the Department of Veterans Affairs.
Get Pre-Approved


GET STARTED ON YOUR
PRE-APPROVAL

  • Fill out a loan application, meet with a Loan Officer, and submit your documentation (i.e. your tax returns and bank statements)
  • Receive a pre-approval letter with the specific loan type, loan amount, and interest rate that you qualify for
  • Stand out from other buyers, make a more attractive offer, and simplify (and shorten) your homebuying process
Start The Process

Compete in Today's Market

There are many home loan options in addition to the ones mentioned above. If you're interested in seeing how Veritas Funding can help you finance your first home, refinance an existing loan, or help you finance your next home you can submit an application here! In the meantime, if you have any questions about Veritas Funding Home Loans, please don’t hesitate to get in touch.

Learn About Veritas Guarantee


Questions?

If you think a Veritas Funding Home Loan may be right for you, you can submit an application here! In the meantime, if you have any questions about any of our Loan Programs or their requirements, you can chat with our digital assistant, Lydia, or reach out to one of our Loan Officers for help.

Let's Get Started
 

Mortgage Payment Calculator

Just because you know how much a home costs doesn’t mean you know how much your mortgage might be – Your loan type, interest rate, down payment, insurance, and taxes all play a role as well. Try using our Mortgage Payment Calculator to estimate your monthly payments the right way.

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Down Payment Calculator

How much money should you really save before purchasing a home? Answer a few simple questions and our Down Payment Calculator will help you understand your options.

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Rent vs. Own Calculator

The choice between renting or buying a home is one of the biggest decisions you can make, but our Rent vs. Own Calculator simplifies things. Compare the cost of renting vs. buying by entering a home’s purchase price, loan term, down payment, and more to see the upfront and recurring costs.

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Purchasing Power Calculator

If you’ve ever wondered just how much a higher down payment or lower interest rate might affect what homes you can afford, our Purchasing Power Calculator is the tool for you. Compare multiple scenarios side by side to see the difference.

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