Your Arizona Home Has Been Working for You.
Now Let Its Equity Work Too.
A reverse mortgage (HECM) can turn part of your home's equity into tax-free* cash, monthly income, or a standby line of credit — while you keep living in the home you love. Local guidance from Peoria-based advisors who explain everything in plain English.
A Loan Built Around Retirement — Not Around Monthly Payments
A Home Equity Conversion Mortgage (HECM) is an FHA-insured loan for homeowners 62 and older. Instead of you paying the lender each month, the loan lets you draw on your home's equity — as a lump sum, monthly payments, a line of credit, or a combination. You remain the owner of your home. The loan is repaid later, typically when the home is sold or is no longer your principal residence. As a borrower, you must continue to pay property taxes, homeowner's insurance, and applicable HOA fees, and maintain the home.
Stay in Your Home
Keep the title and keep living in the home and neighborhood you know — the loan doesn't require you to move or give up ownership.
No Required Monthly Mortgage Payment
Eliminate your current required monthly principal-and-interest payment. You still pay taxes, insurance, and upkeep — and you can prepay any time.
Flexible Ways to Receive Funds
Choose a lump sum, monthly draws, a growing standby line of credit, or a mix — matched to your retirement plan, not a one-size template.
FHA-Insured Protections
HECMs are non-recourse loans insured by the FHA: neither you nor your heirs owe more than the home's value when the loan is repaid through its sale.
Independent HUD Counseling
Every HECM borrower completes a session with an independent HUD-approved counselor first — so your decision is informed, not rushed.
Local Arizona Guidance
We're your Peoria neighbors, not a national call center. Straight answers about how a reverse mortgage fits Arizona homes and retirements.
What Arizona Seniors Use Reverse Mortgage Proceeds For
From covering healthcare costs to simply breathing easier each month, a HECM is a financial tool — how you use it is up to you.
How a Reverse Mortgage Works with ASJ
We walk beside you at every step — and your family is always welcome in the conversation.
Free Consultation
We review your goals, home value, and any existing mortgage, then explain your options in plain English — no jargon, no pressure.
HUD-Approved Counseling
You meet with an independent, HUD-approved counselor (required by federal law) so you fully understand the loan before proceeding.
Application & Appraisal
We handle the paperwork, order the FHA appraisal, and complete the financial assessment. You stay informed the entire way.
Closing & Funding
After closing and the rescission period, your funds are set up the way you chose — lump sum, monthly draws, line of credit, or a mix.
Reverse Mortgage Specialists Serving Peoria & All of Arizona
ASJ Mortgage Solutions is headquartered in Peoria, Arizona and helps senior homeowners across the Valley and statewide. Whether you're in an active-adult community in Sun City, a longtime family home in Phoenix, or the high country up north, you get the same local, personal service.
Arizona Homeowners Trust the ASJ Way
"Simple, honest, and personal" isn't a slogan — it's how our clients describe working with us.
"GS was thorough in the loan process and kept me updated all the way. I got competitive quotes both times. Will definitely work with him again."
"Very transparent transaction — no hidden concept. I strongly recommend ASJ to anyone who wants a hassle-free loan with the best service."
"Always on top of things, very responsive, and always put the customer's needs first. The entire process wrapped up quickly."
Reverse Mortgage FAQs for Arizona Seniors
Do I still own my home with a reverse mortgage?
When does the loan have to be repaid?
Can my heirs end up owing more than the home is worth?
Is a reverse mortgage a government benefit or free money?
What if I still have a mortgage on my home?
Are reverse mortgage proceeds taxable?
Why is HUD counseling required?
See If a Reverse Mortgage Fits Your Retirement
Answer a few quick questions and a local Arizona advisor will prepare your personalized, no-pressure reverse mortgage assessment. Prefer to talk? Call (480) 376-7355.
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Important Things to Know About Reverse Mortgages
- A reverse mortgage is a loan that must be repaid. It is not a government benefit or free money. Interest and fees are added to the loan balance each month, and the loan balance grows over time while home equity may decrease.
- You must continue to pay property taxes, homeowner's insurance, and applicable HOA fees, and maintain the home. Failure to meet these obligations can cause the loan to become due and payable and may result in foreclosure.
- The loan becomes due and payable when the last borrower (or eligible non-borrowing spouse, where applicable) sells the home, passes away, or no longer occupies the property as a principal residence.
- Before obtaining a HECM, you must receive counseling from an independent HUD-approved counseling agency.
- Reverse mortgage proceeds may affect eligibility for certain need-based government programs such as Medicaid or Supplemental Security Income (SSI). Consult a qualified advisor.
- *Loan proceeds are generally not considered taxable income; however, ASJ Mortgage Solutions, LLC does not provide tax advice. Please consult your tax advisor regarding your individual situation.