---
title: Do banks still do reverse mortgages?
description: Yes, banks still offer reverse mortgages. A reverse mortgage is a loan for homeowners 62 or older that allows them to convert part of their home equity into cash. The loan must only be repaid once the homeowner dies, sells…
url: "https://reversemortgageresourcecenter.com/faqs/do-banks-still-do-reverse-mortgages/"
updated: "2023-02-23"
category: Reverse Mortgage
---

# Do banks still do reverse mortgages?

Yes, banks still offer reverse mortgages. A reverse mortgage is a loan for homeowners 62 or older that allows them to convert part of their home equity into cash. The loan must only be repaid once the homeowner dies, sells the home, or moves out permanently. Banks typically offer reverse mortgages through the Federal Housing Administration's [Home Equity Conversion Mortgage](https://reversemortgageresourcecenter.com/reverse-mortgage/) (HECM) program.

[FAQ Do banks still do reverse mortgages? | Reverse Mortgage Resource Center](https://www.youtube.com/embed/dZ3ccnW8X6U?list=PLIXdz9DLAFTC05MDPc_5QjKBB13v61zWS)

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