The FHA HECM Reverse Mortgage specialists

Helping Seniors Gain Financial 

Peace of Mind

About Us

THE FHA HECM PROGRAM

Providing Real Solutions for Seniors 62 and over since 1989. Insured by the FHA and regulated by HUD. 

Eliminate your monthly mortgage payment and receive tax-free cash

       You retain homeownership and equity is              passed on to your heirs.  

Over 1 million Seniors have Enrolled

Are you on a fixed income? Do you have bills or other debts you'd like to pay off? Home improvements? We want to help. 

FREQUENTLY ASKED QUESTIONS

What is the FHA HECM Program?

A Home Equity Conversion Mortgage (HECM) is a government sponsored program for Seniors 62 years of age and older, who are looking to reduce or eliminate their monthly mortgage payment. Tax-free cash out is also often available. It is not free money or a government handout. It is a friendly and flexible loan that gives you the option of making any payment that fits your budget, even if that payment is zero. This program allows Seniors to safely tap into their home equity. The HECM is the FHA's version of the Reverse Mortgage.   

Who is eligible? Who should enroll?

The HECM is not for everyone, but Seniors with sufficient equity who would like to Eliminate Their Monthly Mortgage Payment, and who can benefit from Tax-Free Cash -- which can be used for any purpose -- are the best candidates. 

How is the FHA HECM safe for Senior homeowners?

The HECM is insured by the Federal Housing Administration and is regulated by the Department of Housing and Urban Development, HUD, to protect the Senior. 


The FHA has been insuring HECMs since 1989. 


With a HECM, no matter what happens in the economy, or to property values, you will never be required to make a mortgage payment. Yet your home still belongs to you, and remaining equity is passed on to your heirs. 

Who owns the home if I take a HECM?

You own the home. Your home is collateral just like with a traditional mortgage.

What happens to the loan if I don't make a payment?

If no payment is made, the loan accrues interest and the balance will increase. Hopefully, your quality of life and the balance in savings account will also increase. 

When does a HECM become due and what happens then?

When you no longer live in your home for twelve consecutive months, or when you pass away, the HECM becomes due. You or your heirs have two options:

1) Pay off the HECM including any accrued interest through a refinance, or

2) Pay off the HECM through sale of the property. 

Remaining equity goes to you or your heirs. You and your heirs are NOT liable for any shortfall.

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* * * * * * * * Call Pathways Financial Group now at 1-800-620-1007 * * * * * * * * Enter the information below to see if you qualify

Pathways Financial Provides Detailed HECM Information to Every Customer

We love our customers, so please contact us today to schedule your free consultation.  We are Reverse Mortgage and FHA HECM specialists based in Los Angeles and serving all of Southern California.

1-800-620-1007

   NMLS ID#878428