Mortgage Blog

HECM Reverse Mortgages for Retirees and Seniors

HECM Reverse Mortgages for Retirees and Seniors

June 23rd, 2020 | Reverse Mortgage, Jumbo Reverse Mortgage, Age in Place, Senior Advocate, Seniors

How are mom and dad doing during the pandemic? Hopefully they are home and staying safe.  It’s not like everybody isn’t stressed enough by the current situation. It is clearly affecting everyone.  As for older people, one of the other less talked about silent stress points is having to make mortgage payments and service debt like credit cards on a fixed income. This is a good time for a Reverse Mortgage because rates have come down as a result of the pandemic. Our youngest recent client was 62 years old and oldest was 94. There are many benefits available with Reverse Mortgages for retirees and seniors whether it be with the government insured HECM Reverse or the Private Label Jumbo for higher priced homes. We offer both programs in VA, DC, and PA, and only the HECM in Maryland.

Note:  Due to the pandemic, Reverse Mortgages right now do NOT require inside physical inspections for appraisals, only drive-by . This is an added benefit for many given how strict FHA appraisals normally are.

To learn more about the benefits of a HECM Reverse Mortgage click here.  To learn more about the qualifications of a Jumbo Reverse Mortgage for higher-priced homes click here.  

George H. Omilan
President-CEO - NMLS# 873983
Jefferson Mortgage Group LLC
Mortgage Specialists - Virginia, Maryland & Pennsylvania

Other Programs:   Alt-A Investor loans-80% Full doc & 75% No Income-No Employment, FHA & VA with Lower Score Options, Fixed & Variable Jumbos-Traditional & Private Label Reverse, Self-Employed Bank Statement & Asset Dissipation Programs. Full range of Non QM Loans for expanded qualification.

Questions/Comments encouraged



Zack Tannery - July 22nd, 2020

We need a reverse mortgage

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Jefferson Mortgage Group LLC

2536 Leeds Rd.
Oakton, Virginia 22124
FAX: 703-773-6946
NMLS: 935554

Located in Fairfax County, Virginia. Serving all of Virginia, Maryland & Pennsylvania. 


Jefferson Mortgage Group LLC is licensed in Virginia, Maryland & Pennsylvania.
Virginia State Corporation Commission License Number MC-5659 and the Pennsylvania Department of Banking & Securities #46259 
Maryland DLLR License #21586

An Equal Housing Lender

By refinancing the consumer's existing loan, the consumer's total finance charges may be higher over the life of the loan.

This material is not from HUD or FHA and has not been approved by HUD or any government agency.