Steps of a Reverse Mortgage


Step 1

Obtaining pre-approval for a Reverse Mortgage with Atlantic Coast Mortgage starts with a call to our Reverse Mortgage Division and speaking with a Reverse Mortgage specialist.

During the call, we’ll collect basic information to estimate how much money you can receive from a Reverse Mortgage.


Step 2

We will visit you in the safety and comfort of your home to review the Reverse Mortgage terms and to answer your questions.


Step 3

Before an application can be taken, you will need to complete a mandatory Reverse Mortgage counseling session performed by a HUD approved counselor. We will provide you with a list of counselors. Counseling is available over the phone or in person, whichever you prefer.


Step 4

Once you have completed your Reverse Mortgage counseling session, we will then visit your home again to complete the Reverse Mortgage application.


Step 5

Once the loan process is complete and a final approval is issued, your loan closing will be scheduled.  For your convenience, closing can take place at your home.

* The borrower must meet all loan obligations, including living in the property as the principal residence and paying property charges, including property taxes, fees, hazard insurance. The borrower must maintain the home. If the homeowner does not meet these loan obligations, then the loan will need to be repaid. This material is not from HUD or FHA and has not been approved by HUD or any government agency. Atlantic Coast Mortgage, LLC is an Equal Housing Lender | Company NMLS ID #643114 ( This is an advertisement and not a commitment to lend.

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Get in touch with us today and we'll match you with a loan officer.