Reverse Mortgage Program

This program targets elderly homeowners that are cash poor, but have substantial equity in their homes. Homeowners can draw needed income from the accumulated equity in their home through a reverse mortgage. The reverse mortgage is a deferred payment loan, or a series of such loans, for which a home is placed as security. Reverse mortgage programs typically permit homeowners to borrow up to 80 percent of the assessed value of their property, receive needed principal of up to 25 percent of the loan, and receive monthly annuity payments for the life of the loan.For more information and a list of lending institutions with this program, visit

The Orange County Housing Authority has been certified by HUD to provide counseling services for individuals seeking this type of loan. Responsibilities include: providing counseling to seniors interested in applying; working with private lending institutions, and working with seniors to complete applications.

Responsible Agency: Orange County Housing Authority