Think of a traditional mortgage in which you borrow money and make monthly payments. With a reverse mortgage it’s the opposite. You borrow money, but instead of making monthly payments, you receive monthly payments or a lump sum of money. If you are 62

Saving for the down payment and/or closing costs can be one of the biggest hurdles facing 1st time homebuyers. This program combines an FHA 30-year fixed rate loan for 96.5% with a 3% homebuyers assistance silent 2nd loan with no scheduled monthly payment

For California Residents only, there is a new loan program that will help home buyers who can afford a mortgage payment, but don't have the money for the down payment or closing costs.