apply for a reverse mortgage
Our experienced team specializes in FHA-approved reverse mortgage loans and are licensed in all 50 states.
On this page you can learn how Reverse Mortgages work (Home Equity Conversion Mortgage), the requirements and frequently asked questions.
If you have a specific reverse mortgage question, please reach out and we'd be happy to assist you.
Book A Free Consultation
How The HECM Program Works
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 called a Home Equity Conversion Mortgage (HECM), and is only available through an FHA-approved reverse mortgage lender.
If you are a homeowner age 62 or older and have paid off your mortgage or paid down a considerable amount, and are currently living in the home, you may participate in FHA's HECM program.
The Process
Get In Touch
Get in touch with one of our experienced reverse mortgage consultants via phone call, or by submitting your info via the form.
Hear From Us
A reverse mortgage expert from Community First National Bank will reach out to provide you with the reverse mortgage process.
Find Your Fit
Discover if a reverse mortgage is the ideal solution for your situation. We guarantee exceptional, personalized service tailored to your unique needs.
Meet Toby English – Community First National Bank Branch Manager
Here at Community First National Bank we take tremendous pride in building our reputation as the premier leader in reverse mortgage lending.
Our dedication and commitment to inform and educate our customers is our top priority. Please reach out if you have any reverse mortgage questions!
FHA-approved lender
NMLS ID: #728820
License in all 50 states
A+ Better Business Bureau
What our Past Clients are saying
I would use them again... "Toby English was very good to work with in all respects. He followed through with what the initially discussed as terms. We were also kept informed of our status of the loan application process. I would use them again and have recommended him to friends and family seeking a reverse mortgage on their home."
Honest, clear & very responsive... "Top shelf customer service. Andy answered all my questions until I was satisfied and understood the issue. If it was important to me then it was important to Andy. I would recommend Andy to anyone looking for a reverse mortgage."
Very helpful! "I was referred to Mark English by a good friend that was extremely happy working with Mark. From the beginning I found Mark to be very helpful and answered all me questions I had. We conversed often and I always felt at ease when we talked. My reverse mortgage closed quickly and with no problems. I would certainly recommend working with Mark for a great reverse mortgage experience !!!!"
Excellent experience "Your offered rates were clear, Toby effectively compared options with and without points, with and without escrow and gave clarity about closing costs and was very accurate. I considered several banks and mortgage brokers and your combination of rates, clarity in explaining rate options and good customer survey results won me over. My actual experience thereafter was excellent."
I would use them again... "Toby English was very good to work with in all respects. He followed through with what the initially discussed as terms. We were also kept informed of our status of the loan application process. I would use them again and have recommended him to friends and family seeking a reverse mortgage on their home."
Honest, clear & very responsive... "Top shelf customer service. Andy answered all my questions until I was satisfied and understood the issue. If it was important to me then it was important to Andy. I would recommend Andy to anyone looking for a reverse mortgage."
Very helpful! "I was referred to Mark English by a good friend that was extremely happy working with Mark. From the beginning I found Mark to be very helpful and answered all me questions I had. We conversed often and I always felt at ease when we talked. My reverse mortgage closed quickly and with no problems. I would certainly recommend working with Mark for a great reverse mortgage experience !!!!"
Excellent experience "Your offered rates were clear, Toby effectively compared options with and without points, with and without escrow and gave clarity about closing costs and was very accurate. I considered several banks and mortgage brokers and your combination of rates, clarity in explaining rate options and good customer survey results won me over. My actual experience thereafter was excellent."
Above and beyond "Toby English was a pleasure to work with. He went above and beyond what I would have expected. I would recommend him to my friends and associates. The process was smooth and he kept us informed throughout the underwriting process. Thanks Toby!"
Best experience possible "Mark English was simply great! He was very responsive and caring with his assistance. By far the best experience possible closing a reverse mortgage. Thank you so much!"
Excellent experience "Our reverse mortgage consultant Mark English, was fantastic. He was very polite and efficient and treated us with respect. He called back when he was not immediately available and many times he was immediately available to answer our questions. This was overall an excellent experience. Competitive mortgage rates and reasonable fees."
Borrower Requirements
You must:
Be 62 years of age or older. 55 years old in some cases.
Own the property outright or have reasonable equity in your home
Occupy the property as your principal residence
Have financial resources to continue to make timely payment of ongoing property charges such as property taxes, insurance and homeowner association fees, etc.
Participate in a consumer information session given by a HUD- approved HECM counselor
Benefits Of A Reverse Mortgage
Use As You Want: Whether its help with monthly expenses, helping the grand-kids, vacation spend the money as you wish.
Multiple Cash Options: Depending on your needs you can get a lump sum payment, monthly payments, a line of credit or a combination.
Keep Your Home: You will be able to stay in your home and still leave it to your children!
Expert Service: We will review your needs and determine the best option to fit your needs.
Frequently asked questions
How old do I have to be to qualify?
In most cases 62 – this is the age the FHA requires the youngest person listed on the title. There are some exemptions where 55 years of age is considered. Please reach out if you have questions about this.
Do I have to live in the house to get a reverse mortgage?
Yes! You must live in it an it must be your primary residence.
Can I get a fixed rate?
Yes – you will need to choose either a fixed rate or adjustable.
What type of housing is eligible?
Single family home or 2-4 unit home with one unit occupied by the borrower, HUD-approved condominium project, manufactured home that meets FHA requirements (sorry no sailboats!)
What is the most I can borrow?
The FHA limit is $1,149,825.
Do I have to own my house outright?
No, but you have to have a sizable amount paid off – it will vary based on which loan option you choose.
Can I get a line of credit?
Yes this is available with an adjustable rate reverse mortgage.
Products Offered
CFNB Reverse specializes in FHA insured reverse mortgages (HECM) as well as Jumbo Proprietary Reverse Mortgages.
licensed in all 50 states
REQUEST Free Consultation
We'll Reach Out Soon!