Your Forever Home Is Waiting
If you're a senior, a reverse mortgage could help secure your financial future. I'm Larry Melton, and I help homeowners 62 and older understand their options with clarity, patience, and care.
What is a reverse mortgage?
A reverse mortgage is a unique mortgage designed for homeowners 62 and older. You may enjoy access to part of the value of your home, along with the freedom and comfort of the home you've known for so many years.
It's your home, now you can put it to work for you. Reverse mortgage borrowers keep ownership and title to their home, and you may benefit from the equity that's been building for years.
The most common type is the Home Equity Conversion Mortgage (HECM), the government backed loan insured by the Federal Housing Administration (FHA).
Learn the BasicsHow a reverse mortgage can help
Imagine living in your home without a traditional monthly mortgage payment*, or enjoying monthly loan proceeds from the years you've invested in your home.
No required monthly mortgage payment*
Access a portion of your home's value without the requirement of monthly mortgage payments. You can also pay off an existing mortgage and free up monthly cash flow.
Proceeds are typically tax free
Proceeds from a reverse mortgage are typically not subject to personal income taxation. Ask your tax advisor how proceeds may affect your situation.
Flexible ways to receive funds
Choose monthly payments, a lump sum, or a line of credit that grows over time. Interest only accrues on the funds you use.
You keep title and ownership
It's yours just as it was before. You continue to own your home as long as you meet the loan requirements.
Age in place with independence
Stay in the home you love, and use the funds for in home health care, medical expenses, or the everyday costs of retirement.
FHA insured peace of mind
A HECM is insured by the FHA, and your home and property are the only assets that secure the loan. It is a non recourse loan, so you or your heirs never owe more than the home is worth.
*Borrowers must continue to pay property taxes, homeowner's insurance, and home maintenance costs. There are some circumstances that will cause the loan to become due and payable. Credit is subject to age, income standards, credit history, and property qualifications. Program rates, fees, terms, and conditions are not available in all states and subject to change. Borrowers should seek professional tax advice regarding reverse mortgage proceeds.
See what you may qualify for
Get a reverse mortgage evaluation and quote today. No obligation, just straight answers.
Who I help
A reverse mortgage is a big decision, and it often involves more than one person. I work with the whole circle.
Seniors
If you're a senior, a reverse mortgage could help secure your financial future. I help homeowners 62 and older with HECM loans.
Learn moreAdult Children
Concerned about inheritance, medical costs, or what happens if Mom and Dad need care? Get honest answers to the questions families ask most.
Learn moreTrusted Advisors
A reverse mortgage can be a useful tool for clients to prevent portfolio depletion. I provide detailed loan scenarios, with your client's permission.
Learn more
Meet Larry Melton
I'm a native Oregonian with over 20 years in the mortgage industry. Since 2011, I've focused on senior clients, helping them, their families, and their financial advisors understand the benefits of a reverse mortgage.
My goal is that you become fully informed and make the right decision for you and your family, given your unique situation. I'm married 34 years with two daughters, and when I'm not working you'll find me golfing, traveling, reading, or watching sports.
- Retirement Loan Specialist, NMLS #830225
- Focused on seniors and reverse mortgages since 2011
- 2025 NAF President's Council
Explore your reverse mortgage options
The two most popular types are the HECM, insured by the FHA, and jumbo or proprietary reverse mortgages for higher value homes.
HECM Loan
The FHA insured reverse mortgage for qualified homeowners 62 and older.
Learn moreHECM for Purchase
Buy a new home with reverse mortgage proceeds and pay only one set of closing costs.
Learn moreJumbo Reverse Mortgage
A private option for higher value homes that exceed the federal lending limit.
Learn moreMyths and Facts
Clear answers to the most common misconceptions about reverse mortgages.
Learn moreThe Process
What to expect, from your first conversation to closing and funding.
Learn moreFAQs and Resources
Answers on qualifying, costs, counseling, taxes, and how you receive your money.
Learn moreHow the reverse mortgage process works
NAF is with you every step of the way, from your first conversation to the finish line.
Consult with a loan expert
Learn your specific numbers, what you might qualify for, and get an analysis of your situation.
Complete HUD-approved counseling
An independent, third party counselor is required for every borrower. Many times it can be done by phone.
Apply and get approved
We complete the application together, and you keep a full copy of every document to review with family or advisors.
Processing and underwriting
I handle your paperwork, the appraisal, and the title report, then send your file to underwriting.
Closing and funding
After you sign, you have three business days to cancel. Then your funds are distributed the way you chose.
What my clients say
"I came in with questions and some uncertainty. As the process ended, I felt informed and at ease. I never felt rushed developing a sense of trust."
"Larry guided me through this complicated process with clarity, patience, and care with a high level of integrity explaining the process was manageable. I felt respected and supported."
"Larry & Sara Davidson responded to our questions/concerns quickly & thoroughly. Their team would push Fidelity & FHA to complete projects to meet our goals. Without their expertise, compassion & being able to communicate with the lender our loan would not have funded by 12/31/25. We would have walked away & cancelled."
"Larry's attention to detail, follow through and communication skills made the experience top-notch."
"Larry explained the process in detail regarding what was involved with a reverse mortgage as I was somewhat leery after hearing negative things about this type of loan over the years. I was pleasantly surprised with the changes that had been made to the reverse mortgage program over the past years so I had no problem going forward with the loan. Larry and Sara both worked to make the process as easy as possible and Larry made sure all the needed info for underwriter was transmitted to Sara in a timely manner. It was just a positive experience from day one. I would refer any friend to Larry if they needed to check out a reverse mortgage."
Common questions
Honest answers to what homeowners and their families ask most.
Who qualifies for a reverse mortgage?
You must be at least 62 and own your home, and the home must be your primary residence. You need enough equity to pay off any existing balance, and you don't need to own your home free and clear. All applicants go through a financial assessment, and HUD counseling is required before the loan moves forward.
Do I give up ownership of my home?
No. You keep title to your home as long as you meet the loan requirements, such as maintaining the property and paying property taxes, homeowner's insurance, and any HOA dues. As with any mortgage, a lien is placed on the property to secure repayment.
Do I have to make monthly mortgage payments?
Monthly mortgage payments are not required, though you can choose to make them. You are still responsible for property taxes, homeowner's insurance, and keeping the home in good condition.
Will my children be responsible for the loan?
A HECM is a non recourse loan, which means the lender can only be repaid from the sale of the home and never for more than its value. Heirs who want to keep the home can pay the lesser of the loan balance or 95% of the appraised value.
Can I still sell my home?
Yes. You can sell whenever you wish and pay off the reverse mortgage at closing. There are no prepayment penalties if you pay the loan off early.
Ready to talk?
Whether you're exploring for yourself, a parent, or a client, I'm happy to walk you through the numbers and answer every question.