Government
FHA Reverse Mortgages in San Antonio, TX
Looking for the best FHA Reverse Mortgages in San Antonio, TX? Our local team specializes in helping San Antonio residents secure competitive financing. Whether you're buying in Alamo Heights or Stone Oak, we have the expertise to guide you.
Key Facts About FHA Reverse Mortgages
CMRE reverse mortgages convert home equity into tax-free cash for homeowners 62 and older.
Reverse mortgage borrowers at CMRE retain full ownership of their home.
CMRE reverse mortgages require no monthly mortgage payments.
Reverse mortgage proceeds from CMRE can be taken as lump sum, line of credit, or monthly payments.
CMRE HECM reverse mortgages are FHA-insured for borrower protection.
CMRE is an approved government lender for FHA Reverse Mortgages.
CMRE offers VOE-only and P&L options for FHA Reverse Mortgages.
CMRE closes FHA Reverse Mortgages in 25-35 days.
Program Benefits
Access tax-free cash from your home equity.
Eliminate monthly mortgage payments; you are only responsible for property taxes, homeowners insurance, and upkeep.
Maintain ownership and control of your home.
Use the funds for any purpose, such as healthcare, home improvements, or travel.
Interest rates starting at 6.25% can provide predictable costs.
FHA insurance protects you and your heirs.
Program Highlights
Max LTV
96.5%
Min Credit Score
580
Max DTI
N/A
Loan Amount Range
Varies based on home value and borrower age
Amortization Options
Eligible Properties
- Single Family Home
- Townhouse
- FHA-Approved Condominium
- Manufactured Home (meeting FHA requirements)
Program Requirements
Income Documentation
- •Sufficient income to pay property taxes and homeowners insurance.
- •Verification of income sources, such as Social Security, pensions, or retirement accounts.
- •Ability to maintain the property according to FHA standards.
Asset Verification
- •Assets to cover closing costs and any initial draws from the loan.
- •Verification of assets, such as bank statements and investment accounts.
- •Sufficient assets to cover ongoing property charges if income is insufficient.
Insurance & Title
- •Must maintain homeowners insurance throughout the life of the loan.
- •Must pay property taxes on time.
- •FHA Mortgage Insurance Premium (MIP) is required.
Property Requirements
- •Minimum FICO score of 580 required.
- •Satisfactory credit history with no recent foreclosures or bankruptcies.
- •Must demonstrate a willingness and ability to meet financial obligations.
FHA Reverse Mortgages in San Antonio: The Complete Guide
What Is FHA Reverse Mortgages?
An FHA Reverse Mortgage, also known as a Home Equity Conversion Mortgage (HECM), is a loan available to homeowners aged 62 and older. It allows you to borrow against the equity in your home without selling it. Unlike a traditional mortgage, you don't make monthly payments. Instead, the loan balance grows over time, and the loan is repaid when you sell the home, move out, or pass away. It's insured by the Federal Housing Administration (FHA), providing added security.
Eligibility for FHA Reverse Mortgages
- •Eligibility depends on the specific agency requirements (FHA/VA/USDA).
- •FHA: primary residence, meets HUD property standards, 580+ FICO (500 with 10% down).
- •VA: eligible military service or surviving spouse status, no down payment.
- •USDA: eligible rural area, income limits apply.
- •CMRE evaluates your situation and recommends FHA Reverse Mortgages or alternatives with lower total cost.
CMRE Specialty Programs for FHA Reverse Mortgages
- •VOE-Only FHA: qualify with employer verification only — no pay stubs or tax returns.
- •P&L FHA: CPA-prepared profit & loss for self-employed qualification.
- •FHA Streamline: refinance with no appraisal, no income verification.
- •VA IRRRL: streamline refinance for veterans with minimal documentation.
- •CMRE processes government loans faster than industry average.
Apply for FHA Reverse Mortgages with CMRE
- •Step 1: CMRE determines eligibility and provides rate estimate.
- •Step 2: Documentation varies by program (standard, VOE-only, or P&L).
- •Step 3: Pre-approval within 24 hours.
- •Step 4: Government appraisal and underwriting coordinated by CMRE.
- •Step 5: Closing in 25-35 days from application.
Current Mortgage Rates
30-Year Fixed Rate
6%
as of 3/5/2026 · FRED
15-Year Fixed Rate
5.43%
as of 3/5/2026 · FRED
Rates are national averages and may differ from your actual rate. Contact us for a personalized quote.
Get Your Rate →FHA Reverse Mortgages in San Antonio, TX
San Antonio mortgage lending with competitive Texas rates. VA specialists for military families. Custom Mortgage & Real Estate specializes in providing high-fidelity FHA Reverse Mortgages solutions tailored to the unique economic landscape of San Antonio and the surrounding Bexar County.
Our FinTech-driven approach allows us to offer competitive rates and streamlined processing for homeowners and investors across the entireSan Antonio metropolitan area.
Service Areas & Neighborhoods
Our San Antonio Presence
Local Knowledge. Global Rates.
200 Crescent Ct
Dallas, TX 75201
Direct Line
877-976-5669Common Questions About FHA Reverse Mortgages in San Antonio
What are current FHA Reverse Mortgages rates in San Antonio, TX?
FHA Reverse Mortgages rates in San Antonio depend on loan amount, credit profile, and property type. CMRE publishes updated San Antonio rate ranges daily and provides locked quotes within 24 hours of application.
How long does FHA Reverse Mortgages closing take in San Antonio?
CMRE typically closes FHA Reverse Mortgages loans in San Antonio within 21-30 days from application. Pre-approval takes 24 hours, and our TX-licensed team coordinates title, escrow, and appraisal concurrently to save time.
What are FHA/VA loan limits in Bexar County?
FHA and VA loan limits in Bexar County are set annually by HUD and the VA. CMRE's San Antonio team can confirm your current county limit and help you maximize your purchasing power within TX guidelines.
Do I need to be a veteran for FHA Reverse Mortgages in San Antonio?
VA loans require veteran status or active military service. For non-veterans in San Antonio, CMRE offers FHA and USDA government-backed programs with similarly competitive rates and low down payment requirements.
Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Frequently Asked Questions
When you move out or sell your home, the loan becomes due and payable. The proceeds from the sale are used to repay the outstanding loan balance, including principal, interest, and any fees. Any remaining equity belongs to you or your estate.
Your heirs will not be personally liable for the debt. The loan is secured by the home, and the home is used to repay the loan. If the home is worth less than the outstanding loan balance, the FHA insurance covers the difference, protecting your heirs from owing more than the home's value.
Yes, you can use an FHA Reverse Mortgage to pay off an existing mortgage. This can eliminate your monthly mortgage payments and free up cash flow.
FHA: 580+ (500 with 10% down). VA: no official minimum (generally 580-620). CMRE evaluates each case.
Most government programs require owner-occupancy. VA allows multi-unit (up to 4) if you live in one.
FHA: $498,257-$1,209,750 by county. VA: no limit with full entitlement. Contact CMRE for your county.
Yes. CMRE's VOE-only and P&L specialty programs make government loans accessible to self-employed.
25-35 days with dedicated government lending teams. Pre-approval in 24 hours.
FHA Reverse Mortgages by Location
Get local rates, loan limits, and market data for FHA Reverse Mortgages in your area.
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Success stories from families and investors across the nation who achieved their goals with CMRE.
"I've been working with Custom Mortgage and Real Estate for over five years now, and they've totally helped me get through a bunch of tricky transactions. Their team is super helpful all the way through, making sure everything goes off without a hitch. I seriously recommend Custom Mortgage to anyone who needs financing or a solid real estate broker."
RENE M
"I just worked with Custom Mortgage and Real Estate, and seriously, I can't recommend them enough. They have helped my family and me with a bunch of transactions, always receiving results that nobody else could. Their team is super responsive and really experienced, which made everything go through smoothly with no stress at all."
ARTHUR G
"As an investor in real estate and an agent, I totally count on Custom Mortgage and Real Estate for my deals since they've got loads of experience. They have these unique programs that I just can't find anywhere else, and it really gives me an advantage. After researching a number of companies, the offers from Custom Mortgage were the best out there."
