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Reverse Mortgage

Unlock Your Home’s Potential with a Reverse Mortgage from UCCU

A Reverse Mortgage is a unique financial tool that allows homeowners aged 62 and older to access their home’s equity as cash. Unlike a traditional mortgage, you don’t make monthly payments to the lender. Instead, you can receive payments from the bank while retaining ownership of your home.

We’re proud to offer reverse mortgages as a flexible solution to help you enhance your retirement lifestyle.

Benefits of a Reverse Mortgage

  • Increase your cash flow during retirement
  • Maintain ownership of your home
  • Access a growing line of credit
  • No monthly mortgage payments required (you remain responsible for taxes, insurance, and maintenance)
  • Flexibility in how you receive your funds (lump sum, monthly payments, or line of credit)

How Can You Utilize a Reverse Mortgage?

Listed below are common ways you can use this product to your benefit.

  • Supplement your retirement income
  • Fund home improvements or repairs
  • Pay off existing debts
  • Cover healthcare costs
  • Create an emergency fund
  • Help with estate planning
  • Purchase a second home
  • Support family members

Ready to Explore Your Options?

Our mortgage experts are here to help you understand if a this product is right for you. Let’s discuss how we can help you elevate your retirement.


(801) 223-8188 | Branch Locations

Available M–F 8am–6pm, and Sat. 9am–2pm*.
*Saturday hours vary per Branch Location

Frequently Asked Questions

What is the Reverse Mortgage Process at UCCU?

The entire process typically takes 45 to 60 days.

  1. Initial consultation and education
  2. HUD-approved counseling session
  3. Application and financial assessment
  4. Home appraisal
  5. Loan processing and underwriting
  6. Closing and fund disbursement

We’re here to guide you every step of the way.

Will the bank own my home if I get a Reverse Mortgage?

No, you retain ownership of your home. It’s a loan against your home equity, not a transfer of who owns the home.

Will my heirs lose their inheritance?

Your heirs have options when you pass away: they can pay off the Reverse Mortgage and keep the home, sell the home, or turn it over to the lender. The amount owed won’t be more than the loan balance or 95% of the home’s value, whichever is less.

Can I lose my home with a Reverse Mortgage?

You won’t lose your home as long as you live in the home, maintain it, and pay property taxes and insurance. Reverse Mortgages have built-in safeguards to protect homeowners.

Do I need to own my home outright to qualify?

No. You can still qualify for a Reverse Mortgage even if you you still have a payment on your home. Your current balance will be rolled into your Reverse Mortgage.

Are Reverse Mortgages expensive?

Costs are typically rolled into the loan balance, so you don’t pay them upfront. Costs include origination fees, insurance, and interest.

We’re here to help

Call or Text

(801) 223-8188
Mon – Fri: 8:00 am – 6:00 pm
Sat: 9:00 am – 2:00 pm

Submit a Question to our Support Team

or send us a message from inside online banking.

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