Texas reverse mortgage. Stay home. Access your equity. No monthly payments.

A Home Equity Conversion Mortgage (HECM) is an FHA-insured loan that lets homeowners 62+ convert their home equity into cash without selling or making monthly mortgage payments. The loan is repaid when the last borrower permanently leaves the home.

The amount depends on: your age (older = more), your home's appraised value (2026 max: $1,209,750), current interest rates, and your existing mortgage balance (which must be paid off first). A 72-year-old with a $400K home and no mortgage might receive $200K–$240K.

Yes. You retain full title and ownership. You must continue to pay property taxes, homeowner's insurance, and maintain the property. The reverse mortgage is a lien — not a transfer of ownership.

Your heirs have options: (1) sell the home and keep any equity above the loan balance, (2) refinance the reverse mortgage into a traditional mortgage and keep the home, or (3) deed the home to the lender. The non-recourse feature ensures heirs never owe more than the home is worth.

It may be right if: you're 62+, you plan to stay in your home long-term, you need supplemental retirement income, you want to eliminate mortgage payments, or you want a financial safety net. It may NOT be right if you plan to move soon or want to leave a debt-free home to heirs.

Yes. HUD requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. This independent 60-90 minute session ensures you understand the product, costs, and alternatives. STX Lending can provide a list of approved counselors.

No. Reverse mortgage proceeds are considered loan advances, not income. They are not subject to income tax and do not affect your Social Security or Medicare benefits. However, Medicaid eligibility may be affected — consult your financial advisor.