Reverse Mortgages
Turn Your Home Equity Into Financial Freedom
Live better in retirement with a reverse mortgage—access tax-free funds, keep full ownership of your home, with flexible ways to receive your money.
How Reverse Mortgages Work
Learn About Home Refinancing
A reverse mortgage turns home equity into usable cash, all while you remain the owner. You can pay off your existing mortgage, eliminate monthly payments, and access the rest of your equity for whatever matters most to you. Repayment isn't required until you move or pass away, giving you peace of mind and improved cash flow during retirement.
Flexible Fund Options
Choose How to Receive Your Money
Every homeowner's needs are different, which is why reverse mortgages offer flexible disbursement options. Take a lump sum for large expenses, set up monthly payments to supplement income, draw from a line of credit as needed, or combine methods for maximum flexibility. Your equity adapts to your lifestyle, not the other way around.
Crunch Some Numbers
Many seniors use reverse mortgage proceeds to fund the retirement they've envisioned. Common uses include covering healthcare costs, paying off debts, setting aside emergency reserves, or helping grandchildren with college or a first home. Others simply choose to invest in travel or home improvements that make aging in place more comfortable. Because funds are tax-free, every dollar goes further.
Cost of Debt Calculator
See how fast you can pay off your debt and how much interest you can save.
PrincipalInterest (Avalanche)
Min Payment Only
12y
$15,013 interest
Avalanche Method
2y 5m
$2,213 interest
Snowball Method
2y 5m
$2,213 interest
This calculator is provided for educational and informational purposes only and should not be considered financial, legal, tax, or investment advice. Rates, account balances, and transactions will affect actual results. Rates shown are for illustrative purposes only. Before making significant financial decisions, consult with a qualified financial advisor, accountant, attorney, or other appropriate professional.
Qualification Requirements
Simple Eligibility for Senior Homeowners
One borrower must be 62 or older
Home must be the primary residence
Show sufficient equity (50% or more)
Maintain property taxes, insurance, and home
Submit to assessment and HUD counseling
The Process Made Simple
Our Process to Your Financial Freedom
We guide you step by step so the process never feels overwhelming. It begins with an initial consultation and a required HUD counseling session. From there, we handle your loan application, home appraisal, and approval process. At closing, you receive your funds and remain the owner of your home—no monthly payments required.
Your Home Has Served You Well—Now Let It Serve Your Retirement
After years of paying into your home, it's time for your home to return the favor. A reverse mortgage from DFCU allows you to eliminate monthly mortgage payments, access tax-free funds, and live more comfortably while staying in the home you love. Schedule a no-pressure consultation today and see how your equity can work for you.
Become a Member Today
Become a Member Today
Church members and immediate family members can join the credit union.
For homeowners age 62+. Must occupy as primary residence and maintain property, taxes, and insurance. Not a HUD/FHA program or government-approved loan. Becomes due when last borrower moves out or passes away. HUD counseling mandatory. Membership and eligibility required.