Features and Benefits:

• Government Insured Program
• Available to homeowners 62 or older
• Funds are available as cash payment, line of credit, or monthly income for a fixed term or as long as the borrower lives in the home
• Available balance on line of credit grows annually
• Counseling by an approved Fannie Mae or HUD counselor is required
• Social Security or Medicare eligibility may not be affected, and generally neither are SSI or Medicaid/MediCal (Consult The Social Security Administration and your tax advisor)
• No income qualifications
• Use of loan proceeds not restricted
• Loan proceeds are tax-free