For over a decade, Liberty Home Equity Solutions, Inc. has been committed to helping seniors gain financial independence and security through Home Equity Conversion Mortgages (HECMs).
Based in Sacramento, California, Liberty is one of the nation’s largest and most experienced lenders, focusing exclusively on providing HECM loans to senior clients and wholesale business partners. We’ve helped change the lives of over 35,000 clients since 2004 while providing education and lending solutions to over 1,000 business partners across the U.S.
Over the years, we have grown from a small start-up to one of the largest home equity conversion mortgage lenders in the nation. As we look forward to the next chapter in our history, you can count on Liberty to stay true to our core values and commitment to always put our clients’ needs first.
Home Equity Conversion Mortgages
A Home Equity Conversion Mortgage (HECM) loan – also known as a reverse mortgage – can be an important financial option for seniors, their family members, and financial professionals to consider as part of an overall retirement planning strategy or to help meet cash flow needs.
A HECM loan is insured by the Federal Housing Administration (FHA) and allows senior homeowners 62 and over to access part of the equity in their home to help them live more comfortably during retirement.
With A HECM loan, there are:
- No monthly mortgage payments1
- No upfront lender fees
- Fixed and variable rate options
Borrowers must live in their home as a primary residence and continue to pay for property taxes, insurance and home maintenance based on program guidelines established by the Federal Housing Administration (FHA).
1 Your current mortgage(s) and any other existing liens against the property must be paid off at or before closing. You must live in the home as your primary residence, continue to pay required property taxes, homeowners insurance, and maintain the home according to FHA requirements. Failure to meet these requirements can trigger a loan default that may result in foreclosure.