Reverse Mortgage

Lower Payments. Consolidate Debt. Pull Cash Out.

Refinance Your Mortgage with Confidence

Lifetime Guarantee

After you refinance with us once, we’ll waive the lender fees and reimburse appraisal fees on any future refinance with Prime Choice Funding.

Working For You

Our licensed lending officers are held by a strict "no steering" policy and are not incentivized to sell one loan over another.

Mortgage Expertise

As a state licensed and National Lender, we have funded billions of dollars in loans.

Reverse Mortgage Process

1. Connect with one of our Mortgage Professionals

You can reach one of our Home Loan Specialist by choosing one of the following

  • By Phone 1-877-787-7463 and choose the proper selection
  • Fill out application form, and you will be directed to a Home Loan Specialist. They will reach out and set up a time to speak with you.

2. Set your goals

a. Every situation is unique which is why it is important to talk with one of our Home Loan Specialists to discuss your options and find out if a reverse mortgage is right for you.

3. Counseling

HUD requires that you received third-party counseling from a HUD-approved agency. The counselor will ensure that you understand your reverse mortgage options. Counseling can be scheduled by calling a member of the National HECM Counseling Network or you can contact HUD directly.

4. Application

One of our Home Loan Specialists will walk you through an application step by step and run your credit.

5. Processing

Your application will be processed by our team of experienced underwriters. They will compile a list of documents that will be necessary to underwrite your loan. It’s important to provide all the necessary documentation up front and in a timely manner so that the underwriter assigned to your loan can issue a Loan Approval and work towards getting your loan closed.

6. Closing & Disbursement

Following closing, the loan funds are disbursed, and the loan has been applied to any previous debts on the property. You begin receiving payments according to your selected payment option!

Family Couch

Let’s See if Reverse Mortgage Makes Sense for You

Do you need cash and you don’t qualify for cheaper sources of credit that would help you meet your financial needs?

You don’t want to sell your home or move in order to free up equity?

You plan on staying in your current home for the foreseeable future with no intention of selling.

You need to reduce your housing expenses and create long-term monthly income in order to pay bills?

Connect with a Prime Choice Licensed Lending Officer now at (877) 787-7463

Frequently Asked Questions about Reverse Mortgages

What is a reverse mortgage?

A reverse mortgage is specific type of home loan that allows you to trade equity in your home for cash now as a long term alternative to a home equity loan. The money is generally paid to you as a lump sum, as scheduled monthly payments, or through a line of credit.

What are the benefits of a reverse mortgage?

A reverse mortgage will allow you use the equity you have worked for in your home to achieve greater financial freedom that you need today.

What can I use my reverse mortgage funds for?

You can use the proceeds of the reverse mortgage for anything you choose, including paying off debts or unexpected life expenses.

Will I have to repay the loan?

Borrowers can either choose to enjoy the freedom of having no monthly payments with the understanding that, at loan maturity, proceeds from the sale of the home will be put towards repayment of the loan, or some borrowers choose to pay the interest on the loan each month in order to keep the balance from amortizing negatively.

Who can I contact for more information?

We would be happy to discuss the benefits and requirements of a reverse mortgage with you at any time. Just get in touch with us at (877) 787-7463 to learn more.

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Get The Loan That’s Right For You.

Fixed Rate

A traditional, fixed-rate mortgage is our most popular program for refinancing or a new home purchase

Adjustable Rate

If you plan on staying in your home short-term or would like lower payments, an ARM loan program might be right for you

Jumbo

Prime Choice offers consistent and secure low rate Jumbo mortgage programs with the ability to borrow higher amounts

VA

Prime Choice offers unsecured personal loans up to $35,000 to consolidate debt or make a major purchase

Home Equity

A fixed-rate home mortgage that let’s you borrow p to 90% of your home’s equity.

HARP

A HARP load can help you refinance to today’s low rates.

FHA

Lower down payments, easy qualification and more flexibility.

Reverse Mortgage

Turn your home’s equity into cash that you can use today, with not monthly mortgage payment.

What Our Customers Are Saying

Andrew S.

“Terry W. and Chrystal M. are knowledgeable about the mortgage industry. They have great customer service skills and down to earth people. They were awesome with answering questions and very professional at all times. I highly recommend Prime Choice Funding, Terry and Chrystal were great.”

John & Beth B.

“The staff at Prime Choice Funding Inc. are incredible! Very quick responses to questions as well as being extremely knowledgeable and professional. I can't express how appreciative we are to this company. Keith McKay and Bob Lin are the guys to go to hands down. They knew the game and swiftly and effectively got the documents they needed to get our loan through without a hitch. From start to finish our loan was smooth [with] all our questions answered along the way. ”

Max A.

“Gary and Laura were upfront about the entire process and were always available to answer my questions. I really appreciate their willingness to help and get answers to my questions in a timely manner. I would definitely recommend Prime Choice Funding.”

Molly G.

“t is with utmost pleasure that I write this Review in acknowledgement of the incomparable service of Mortgage Specialist Zack Seither and Loan Processor Chrystal Mayhugh. They were never too busy to return my phone calls and emails. They always provided me with prompt and efficient service. They worked assiduously together [to ensure] a speedy and stress-free application and approval process. I will not hesitate to refer Zack and Chrystal to my friends, relatives, and to anyone looking to refinance or to obtain a mortgage.”

Chris C.

“Jeff Clark walked me through every detail of the process and the loan with more clarity and patience than anyone else...he left no stone un-turned. Once I got the rates, every lender I had talked to me thought it was too good to be true, and had no idea how he could offer such a deal. That too good to be true thing made me nervous, but I couldn't find anything wrong, so I proceeded. Bob Lin was an amazing help in getting all the paperwork through, and I could not be happier with the quality of service and incredible product that I received! Thank you both so much, this experience was an incredible surprise and a huge help for me!”

Roger O.

“rime Choice Funding did an exceptional job in handling all of my loan requirements and ensured that all communications were clear, concise and timely. When faced with questions about the process, Amanda Gray and Stephen Chiu were simply amazing in their first-class customer support! I could not be happier with the level of service received and I would eagerly consider working with Prime Choice Funding, specifically Amanda Gray and Stephen Chiu, to address any future funding or mortgage needs.”

Edam N.

“I would like to extend my deepest appreciation to Gary McPeak and Chrystal Mayhugh from Prime Choice Funding, Inc. They provided an excellent service and a painless process with my VA Loan refinancing. Both stayed in constant communication with me via phone or e-mail to ensure a quick and accurate process. Their professionalism and attention to detail help me stay abreast of the refinancing process from start to finish. I’m truly please with them and Prime Choice Funding. I would highly recommend Prime Choice Funding.”