What can we help you with?

Skip Navigation LinksLoanTypesPrograms–ReverseMortgages

Skip Navigation LinksGo Colonial > Reverse Mortgages

​​Reverse Mortgages

Reverse Mortgages


A reverse mortgage is a home loan that homeowners at least 62 years of age can obtain to access the equity in their home.

Reverse mortgages are called such because you borrow money from a lender and the lender makes monthly payments to you, rather than making monthly payments to the lender. A lump sum option is available as well. All interest is paid at the end of the loan, rather than at the beginning.

  • Strengthen your personal and financial independence
  • Help pay for healthcare or other needs
  • You can never lose your home in foreclosure as long as you maintain the property tax and insurance payments, and any homeowner's association dues
  • The loan is only paid or required to be paid when the house is sold by you or your heirs, or all applicants move out of the house
  • A reverse mortgage does not affect your Medicare or Social Security benefits
  • No income requirements: the homeowner does not need to be employed and the loan is not qualified based on income

For more information and a consultation, contact one of our reverse mortgage specialists:

Have more questions?   

Request More Information

© Copyright 1997-2018 Colonial Savings, F.A. All Rights Reserved. Bank and mortgage rates and terms subject to change without notice. This is not an offer to extend consumer credit as defined by Section 1026.6 of Regulation Z. Insurance products issued by Colonial Life Insurance Co. of Texas and DuBose and Associates Insurance are not insured by the Federal Deposit Insurance Corporation. Insurance products are not issued, guaranteed or underwritten by Colonial Savings, Colonial National Mortgage or the FDIC. Insurance products may involve investment risk, if appropriate, including potential loss of principal.

Privacy Policy Equal Housing Lender FDIC
NMLS 401285

Business Address: 2600 West Freeway, Fort Worth, Texas, 76102, US
Tel: 817-390-2380 | Email: csmarketing@colonialsavings.com.
Business hours are and
Colonial Rated 3.9 / 5 based on 115 reviews.