Hampton, VAPurchase
A beautiful new home in Hampton
Closed with an outstanding buyer’s agent who fought for her clients the whole way.
Closed on timeBuyer’s agent @bonita.hunter757
Home › Loan options › Reverse mortgage
Reverse mortgage
Homeowners 62 and older can turn part of their home equity into cash — without selling or moving.
62+minimum age
No monthlymortgage payment required
Stayin your home
For eligible borrowers. Programs, terms and availability vary by lender and can change — ask Craig for current details.
Who it fits
- Retirees who want to supplement income
- Owners with significant equity
- Homeowners who plan to stay put
Good to know
- You still pay property taxes, insurance and upkeep.
- The loan balance grows over time and is repaid when the home is sold.
- HUD-approved counselling is required before you apply.
How it works
From first call to keys
Talk to Craig
A 15-minute call about your goals, timeline and budget. No credit pull, no pressure — just straight answers.
Get pre-approved
Apply online in about ten minutes. Craig compares lenders and programs and sends you a pre-approval you can shop with.
Close on time
Craig keeps you, your agent and title in the loop every week, and gets you to the closing table — often in 21 days or less.
Closed with Craig
Recent closings like yours
Real loans Craig closed — what the buyer needed and how it came together.
Hampton, VA
Kansas City, MO1% down
Paying less than rent
A retired school teacher bought with just 1% down — and funded 10 days before closing.
Funded earlyBuyer’s agent @kee.sells.houses
Sachse, TXRefinance
Saving over $1,000 a month
That is $12,000+ a year back in the homeowner’s pocket.
Closed in 9 days
Payment calculator
Estimate your monthly payment
Estimated monthly payment
$0/mo
- Principal & interest
- Property tax
- Insurance
- Mortgage insurance
- Loan amount
Illustration only — not a quote. VA shows the funding fee financed (2.15% first use) and no monthly MI; FHA uses 1.75% upfront and 0.55% annual MIP; conventional MI is estimated at 0.5%/yr under 20% down. Ask Craig for real numbers on your scenario.
FAQ
Reverse mortgage: common questions
Will my heirs lose the house?
Heirs can keep the home by paying off the loan, or sell it and keep any remaining equity.
How is the money paid out?
As a lump sum, monthly payments, a line of credit or a mix.
How long does it take to close?
Most loans close in about 21–30 days. Some of Craig’s recent clients closed a purchase in 9 days and a refinance in 4 days when the file was ready — every file is different.
How much do I need for a down payment?
It depends on the program. VA, USDA and physician loans can be zero down for eligible borrowers, FHA starts at 3.5%, and some conventional programs start at 3% — or 1% with lender-paid assistance for income-qualified buyers. Down payment assistance can cover part or all of it.
Compare
All loan optionsOther options worth a look
VA loans$0 down, no PMI and limits on closing costs for veterans, active-duty service members and eligible surviving spouses.
VA one-time close constructionBuy the land and finance construction in a single closing — with participating lenders, no payments for up to 11 months while the home is built.
Physician loansLittle or no down payment, no PMI and student loans treated fairly — for doctors, dentists, pharmacists, vets, residents and fellows.
Need a human touch?
Craig picks up.
Call, text or book 15 minutes. You will talk to Craig — not a call centre.