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Cypress has a strong base of long-term homeowners. Many have lived here 20+ years and built significant equity.
That equity can work for you in retirement. A reverse mortgage converts it to cash — no monthly payments required.
62 years old
Minimum Age
Not required
Monthly Payment
HECM (FHA-backed)
Loan Type
Sale or vacancy
Repayment Trigger
Before application
Counseling Required
Reverse Mortgages in Cypress
You must be 62 or older to qualify. All borrowers on title must meet this age requirement.
The home must be your primary residence. You still pay property taxes, insurance, and maintenance.
Local decision guide
Use this guide to connect reverse mortgages eligibility, lender expectations, and local market factors before comparing payment options in Cypress.
Cypress has a strong base of long-term homeowners. Many have lived here 20+ years and built significant equity.
That equity can work for you in retirement. A reverse mortgage converts it to cash — no monthly payments required.
You must be 62 or older to qualify. All borrowers on title must meet this age requirement.
Most reverse mortgages are HECMs — Home Equity Conversion Mortgages — backed by FHA. Lender options vary widely.
We work with 200+ wholesale lenders. That means we can shop fees and terms most borrowers never see on their own.
Origination fees and closing costs vary a lot on reverse mortgages. Most borrowers don't realize this — they take the first offer.
We see these deals regularly. The difference between lenders can be thousands at closing. Shop before you sign.
A HELOC gives you a credit line too — but it requires monthly payments and good income to qualify.
A reverse mortgage has no monthly payment obligation. For retirees on fixed income, that distinction is huge.
Orange County home values are strong. Cypress homeowners often have substantial equity built over decades of ownership.
Higher property values mean more borrowing potential under HECM limits. As of April 2026, the HECM lending limit applies nationally.
No. You keep the title. The lender places a lien on the property, repaid when you sell or move out.
You can stay as long as it's your primary residence and you meet obligations like taxes and insurance.
Yes. They can repay the loan balance and keep the property. They typically have 12 months to do so.
Yes, for every HECM. It's mandatory before you apply. It protects you — take it seriously.
It depends on your age, home value, and current interest rates. Older borrowers with more equity qualify for larger draws. Rates vary by borrower profile and market conditions.
Yes, and both should be. Non-borrowing spouses face risks if only one is listed on the loan.