2511 Montana Ave,

Billings, MT 59101

Retirement just got better: tap into your home's equity with a Mann Mortgage Reverse Mortgage.

Quite possibly the most powerful & useful loan program in the world, Reverse Mortgages allow you to use your home equity as YOU see fit - while still owning it.

What are reverse mortgages?

A reverse loan, also known as a reverse mortgage, is a financial product that allows homeowners 62 years or older to convert a portion of their home equity into cash without selling their homes. The loan works by allowing the homeowner to borrow against the equity in their home, and the loan balance is paid off when the homeowner passes away, sells the home, or permanently moves out. Some benefits of reverse loans include increased cash flow, debt consolidation, and the ability to stay in one’s home. Ideal candidates for reverse loans include those who have significant equity in their homes, have little to no mortgage debt, and plan to stay in their homes for the long term.
Elderly man and woman drinking from mugs and looking at phone.

Not sure where to get started? That's okay too, we're happy to meet you where you're at and direct you to the right place or person.

Reverse Mortgages at a glance.

  • With a reverse mortgage from us, you don't have to make monthly payments. Instead, the loan is repaid when you sell the home, move out, or pass away.
  • Homeowners can use the funds from a reverse loan to pay off existing debts, such as credit cards or medical bills.
  • Our reverse loans can help reduce financial stress and improve overall financial stability.
  • Our Billings branch serves several towns in Montana, including Huntley, Laurel, Broadview, and Hardin.
  • We serve our clients in these towns by providing a range of mortgage services, including conventional mortgages, FHA loans, VA loans, and USDA loans.

Applying for a home has

never been easier

Our quick and secure process takes less than 10 minutes to apply.

Learn more about

reverse mortgages

Single-family homes, condominiums, and some manufactured homes are eligible for a reverse mortgage. The home must meet certain requirements, such as being the borrower’s primary residence and being in good condition.
The main advantage of a reverse mortgage is that it allows homeowners to access the equity in their homes without having to sell their homes or make monthly payments. This can be helpful for older adults who need additional income to cover expenses or want to improve their quality of life in retirement.
Upfront, borrowers will pay an origination fee, closing costs, and an FHA MI fee of 2% of the home’s appraised value. Ongoing costs include an annual FHA MI of 0.5% of the outstanding loan balance. When the loan is due, the principal and interest are collected.

“I was initially apprehensive about Reverse Mortgages, but my banker recommended that I contact Mann Mortgage to discuss. We were glad we did. Our loan officer took us through the entire process, answered my numerous questions, and assured us that this product would meet our specific needs.”

Michael S.

Let's get you home.

0% down financing for homeowners 62 years and older. Our local loan experts will help guide you.

If you have a loan officer you are working with, please select them from the list below.