Reverse Mortgage


Stronger Safeguards and Protections

Reverse mortgage loans come with many safeguards for your financial protection.

Limited Fees
HECM origination fees are regulated by the U.S. Department of Housing and Urban Development (HUD). HECM loan costs may vary among creditors and loan types.

First-Year Withdrawal Cap
HUD established limits on the amount of money you can access your first year to help you better balance your short- and longer-term financial needs.

Credit Line Growth
The unused portion of your credit line continues to grow—
giving you an incentive to responsibly access only the credit you need.

Financial Assessment
Before you can formally apply for a reverse mortgage, you will undergo a financial assessment to determine whether a reverse mortgage or another financial option can best serve you.

You will receive counseling by an independent, HUD-approved third-party to help you explore and address whether a reverse mortgage or another alternative may offer you the best financial solution for your needs and goals. 

No Pre-Payment Penalty
You can choose to repay your reverse mortgage anytime without

Non-Recourse Loan
When repayment is due, neither you nor your heirs will ever owe
more than your home is worth.

FHA Mortgage Insurance: What You Need to Know

Reverse mortgage loans come with many safeguards for your financial protection.

1. Should you opt for a tenure plan, and you exceed your life expectancy, insurance covers the difference so you continue to be paid.

2. Should the lender default, you will continue to be paid, regardless.

3. Should the balance of the loan be larger than the value of the home when payment is due, the insurance fund covers the difference.

We're Here To Help

We’re always happy to chat, but sometimes you need to do things at your own pace. Our tools and resources are available whenever you need them.

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Shining Star Funding
Corporate Office
6101 Bollinger Canyon Rd, Suit 344
San Ramon, CA 94583
(925) 820-2981

Copyright ©2023 Shining Star Funding A division of American Pacific Mortgage LLC | NMLS ID # 1850 ( | 6101 Bollinger Canyon Rd #344 San Ramon, CA 94583 Phone (925) 820-2981 | Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act.

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