FAQs
Contact Reverse Mortgages Only

Will a Reverse Mortgage loan affect my SSI or Medicaid?

A Reverse Mortgage loan generally does not affect “means-tested” benefits as long as the monthly cash advances are fully spent every month and not accumulated. 

 

But under certain circumstances, proceeds CAN affect eligibility for SSI and Medicaid.  It is advisable to consult with an independent advisor or with your local area agency on aging.

maze_small