Nevada Reverse Mortgage

Your Nevada Reverse Mortgage Guide

Welcome to Nevada

As a homeowner in Nevada, you have worked hard to build equity in your home. Now, that equity can work for you in your retirement years with a reverse mortgage home loan. This type of loan allows you to tap into the equity you have built up in your home without the obligation to make monthly payments. Instead, the loan is repaid when you sell the home or pass away. Reverse mortgage loans can provide financial stability and peace of mind, allowing you to enjoy your retirement and age in place in the comfort of your own home.

Reverse Mortgage

Explore the possibilities of a Reverse Mortgage! Free yourself from worrying about monthly bills and take back control of your financial future. With a Reverse Mortgage, you can unlock the power of your home’s equity while maintaining ownership of your home. Find out today how you can start on the road to financial freedom.

Learn More about a Reverse Mortgage

Reverse Mortgage for Purchase

Did you know you can use a reverse mortgage to purchase a new home? A reverse mortgage for purchase allows seniors to buy a new home without making any monthly mortgage payments. Instead of getting an upfront lump sum payment like other reverse mortgages, the loan is used to purchase a new primary residence.

Learn More about a Reverse Mortgage for Purchase

HECM to HECM Refinance

A HECM (Home Equity Conversion Mortgage) to HECM refinance, also known as a HECM loan refinance, is a type of reverse mortgage that allows a borrower to refinance an existing HECM loan with a new one. This can be beneficial for several reasons, such as lowering your interest rate, changing the loan terms, accessing additional equity, and improving your financial situation.

Learn More about a HECM to HECM Refinance

Cash Out Reverse Mortgage

A Reverse Mortgage allows you to take cash out of your house and use the equity in your home for the things you want. You can receive your cash as a lump sum, fixed monthly payment, or line of credit.

Learn More about a Cash Out Reverse Mortgage

Jumbo Reverse Mortgage

A Jumbo Reverse Mortgage is a reverse mortgage that allows homeowners to borrow more money than allowed with a traditional HECM reverse mortgage. This is because a Jumbo Reverse Mortgage is not limited by the same lending limits set by the Federal Housing Administration (FHA) for standard HECM loans. With a Jumbo Reverse Mortgage, you can access more of the equity in your high-value home.

Learn More about a Jumbo Reverse Mortgage

Request a Reverse Mortgage

State of Nevada

Reverse Mortgage in Nevada

Nevada Approved Reverse Mortgage Counseling Agencies

HUD Approved HECM Counseling Agencies

The following is the internet website address and telephone number provided by HUD for the purposes of acquiring HECM counseling:

National Counseling Agencies

ClearPoint Financial Solutions
(800) 251-2227

Money Management International
(877) 908-2227
(800) 947-3752

National Foundation for Credit Counseling
(866) 698-6322

(888) 860-4167

(866) 855-7736

Guidewell Financial Solutions
(800) 882-6171

NeighborWorks America
(202) 760-4000

Housing Options Provided for the Elderly (HOPE)
(844) 432-6467

Nevada Counseling Agencies

Agency ID: 83168
Address: 2298 W HORIZON RIDGE PKWY STE 109
HENDERSON, NV 89052-2697
Phone: (866) 472-4557

Agency ID: 84593
Address: 1849 CIVIC CENTER DR
NORTH LAS VEGAS, NV 89030-7131
Phone: (702) 649-0998

NAVICORE SOLUTIONS- HENDERSON, NV Agency ID: 83168 Address: 2298 W HORIZON RIDGE PKWY STE 109 HENDERSON, NV 89052-2697 Phone: (866) 472-4557 Website:

Agency Name: NEIGHBORHOOD HOUSING SERVICES OF SOUTHERN NEVADA Agency ID: 84593 Address: 1849 CIVIC CENTER DR NORTH LAS VEGAS, NV 89030-7131 Phone: (702) 649-0998 Website:

Nevada Reverse Mortgage Frequently Asked Questions

How does a Reverse Mortgage work in Nevada?

A reverse mortgage in Nevada works similarly to a reverse mortgage in other parts of the country. The basic principle is that it allows homeowners 62 years of age or older to borrow money against the equity in their home without having to make monthly payments. Instead, the loan becomes due when the borrower moves out of the house permanently, sells the home, or passes away.

To obtain a reverse mortgage in Alpine, Nevada, the borrower must meet with a reverse mortgage lender and go through a counseling session to ensure that a reverse mortgage is a suitable choice for them. The lender will also appraise the home to determine its value and the amount the borrower is eligible to borrow.

Do I make mortgage payments on my Reverse Mortgage in Nevada?

No, you do not have to make payments on your reverse mortgage. You are still obligated to pay your property taxes, homeowners insurance, general home maintenance and upkeep, and any HOA fees, if applicable. The benefit of a reverse mortgage is that you do not have to make a regular monthly mortgage payment.

What qualifies for a reverse mortgage in Nevada?

A reverse mortgage loan is only available to seniors who are age 62 or older. This type of loan has been designed to help provide a solution to allow seniors access to equity in their homes while still living there. To qualify for a reverse mortgage, you must:

  • The youngest borrower on the loan must be 62 years old or older
  • Having an existing mortgage loan balance is OK as long as there is sufficient equity in the home
  • It must be your primary residence, not rental homes or vacation homes
  • Reverse mortgage loans are available as refinance or purchase loans.

How do I receive my money when I get a Nevada reverse mortgage?

With a Reverse Mortgage, borrowers have the flexibility to choose how they want to receive their loan proceeds. This can include receiving the funds in one lump sum, periodically accessing them through a line of credit, receiving regular monthly payments, or a combination of these options. Speak with a licensed Reverse Mortgage Lender to discuss your options.

About Nevada

The State of Nevada, often referred to as the Silver State, is a vibrant and diverse State located in the western United States. With a current population of over 3 million, Nevada is the 33rd most populous state in the country.

The state was first settled in the early 1800s by Spanish and Mexican explorers and was later admitted to the Union in 1864. Nevada is known for its rich history and culture, which can be seen in its many museums, galleries, and historical sites.

The state is home to many fun activities, such as skiing, hiking, and camping in the Sierra Nevada Mountains, or exploring the many lakes and rivers in the area. There are also plenty of parks and community centers to enjoy, including Valley of Fire State Park, Lake Mead National Recreation Area, and the Springs Preserve.

Of course, Nevada is very famous for Las Vegas and the Las Vegas Strip. Amazing buildings dot the strip showing off the glamor and money of the world-famous gambling town.

For those looking for educational opportunities, Nevada is home to many schools, including the University of Nevada, Las Vegas, and the University of Nevada, Reno. There are also many public and private schools located throughout the state.

Things To Do In Nevada

Reverse Mortgage Regulations

HUD – The United States Department of Housing and Urban Development is one of the executive departments of the U.S. federal government. It administers federal housing and urban development laws. They state, “Reverse mortgages are increasing in popularity with seniors who have equity in their homes and want to supplement their income. The only reverse mortgage insured by the U.S. Federal Government is a Home Equity Conversion Mortgage (HECM) which is only available through an FHA-approved lender. The HECM is FHA’s reverse mortgage program that lets you withdraw a portion of your home’s equity.”

Consumer Finance Protection Bureau – The Consumer Financial Protection Bureau is an agency of the United States government responsible for consumer protection in the financial sector. They state, “A reverse mortgage is a special type of home loan only for homeowners who are 62 and older. With a reverse mortgage, the amount the homeowner owes goes up–not down–over time.”

NMSL – The Nationwide Multi-State Licensing System and Registry is the record system for non-depository financial services licensing.

NRMLA – The National Reverse Mortgage Lenders Association (NRMLA) is a professional association that serves as an educational resource for the Reverse Mortgage community. The NRMLA was established in 1997 to promote professionalism and provide support and guidance to lenders and education borrowers. In addition, they prioritize educating consumers on the advantages and disadvantages of obtaining a reverse mortgage, ensuring borrowers make informed decisions.  They also provide training for mortgage professionals, enforce a code of ethics, and advise policymakers on reverse mortgage issues.

Reverse Mortgage Lenders in Nevada

Call us for a free, no-obligation consultation about your Reverse Mortgage options. One of our licensed professionals will answer your questions without the hassle of a sales pitch. You’ll learn what programs you may qualify for and discover the best options that will suit your situation.

We are proud to serve the residents of Nevada. We have been in the mortgage lending business since 2002 and would be happy to provide additional testimonials and references to clients we have worked with. We look forward to serving you and welcome the opportunity to meet and discuss your individual needs.

Reverse Mortgage Resource Center
Phone: 385-503-2224

Reverse Mortgage Resource Center – Nevada


Our Lending Team has been serving our clients since 2004. We are passionate about serving our clients with integrity to help them achieve their financial goals.