--- title: Selling Your House With a Reverse Mortgage description: Can I sell my house if I have a reverse mortgage? This is a common questions we get asked at EAG. Yes, you can sell your home with a reverse mortgage. image: https://equityaccessgroup.com/hubfs/Business%20man%20pointing%20to%20transparent%20board%20with%20text%20Property%20News.jpeg --- ###### 3 min read # Selling Your House With a Reverse Mortgage By: [ Jason Nichols ](https://equityaccessgroup.com/blog/author/jason-nichols) on Aug 30, 2022 5:00:00 AM [#jumboreversemortgage](https://equityaccessgroup.com/blog/tag/jumboreversemortgage) [#proprietaryreversemortgage](https://equityaccessgroup.com/blog/tag/proprietaryreversemortgage) [#reversemortgage](https://equityaccessgroup.com/blog/tag/reversemortgage) ![Featured Image](https://equityaccessgroup.com/hubfs/Business%20man%20pointing%20to%20transparent%20board%20with%20text%20Property%20News.jpeg) A reverse mortgage, or Home Equity Conversion Mortgage (HECM), is a loan using the equity in a home.  Seniors commonly use a reverse mortgage to leverage the equity in the home they plan to stay in to receive payments from the bank.  This type of loan is best used if the borrower has no plans to move since one of the ways a reverse mortgage becomes due and payable is when the home is sold.   But life happens, and sometimes plans change.  There could be a number of reasons why this might happen.  Moving closer to family, downsizing, moving to a retirement community, or moving to new location altogether are all reasons why seniors may decide to sell after getting a [reverse mortgage](https://equityaccessgroup.com/jumbo-reverse-mortgage-guide). So what happens if a homeowner has a reverse mortgage and wants to sell?  It’s definitely possible, but there’s a few things to keep in mind during the process. 1. Know your loan balance.  This is fundamental for homeowners planning to sell with a reverse mortgage.  There are basically two scenarios that may play out: 1. Get an appraisal.  Once you know the balance of your loan, it’s important to understand the value of your home.  Housing markets change constantly, so the value of your home may change at different points in time.  What matters most is what the value is when a homeowner wants to sell.  This will help determine if any money - and how much - will be leftover after the sale of the home and paying back the loan. 2. Start the process of selling.  This part would play out similarly to selling a home with a traditional forward mortgage.  You can sell by owner or hire a realtor.  Keep in mind that it may be easiest to work with a realtor that has closed homes where the owner has a reverse mortgage to ensure closing is smooth and there are no unexpected surprises.   3. This may go without saying, but the reverse mortgage must be paid off first after the sale of the home.  Once closing is complete and the reverse mortgage is paid off, the borrower should definitely confirm this with the lender just to be sure.  I’d recommend getting it in writing. That’s how a home is sold with a reverse mortgage.  I do think it’s important to point out that if you have plans to move or sell your house in the near term, a reverse mortgage might not be the best choice.  However, if you do have a reverse mortgage and things change, a sale is possible.   It’s also helpful to consider how to navigate changes with a reverse mortgage without the sale of the home. If you are moving to downsize or to purchase more modern house, could you use the money from a reverse mortgage to renovate your current home? If you are considering moving due to healthcare reasons (such as an assisted living facility), could a reverse mortgage help pay for in-home care? These are just a couple of questions that may be helpful to review if the situation arises. Of course, we can’t cover everything that might pop-up in this blog post.  However, if you have  reverse mortgage questions, it’s helpful to connect with an expert.  I’d recommend reaching out to [Equity Access Group](https://equityaccessgroup.com/).  This is a team that specializes in reverse mortgages, and they can help you learn how it works for your specific situation. - [Tweet](https://twitter.com/share) ###### 15 min read #### [SB 326 Balcony Law & Reverse Mortgages: What California Seniors Must Know](https://equityaccessgroup.com/blog/sb326-balcony-law) Jul 15, 2025by Jason Nichols ## Introduction California’s SB 326 often called the “Balcony Law” was enacted in response to a series of tragic balcony... ###### 16 min read #### [How Much Does A Reverse Mortgage Cost?](https://equityaccessgroup.com/blog/how-much-does-reverse-mortgage-cost) Jul 1, 2025by Jason Nichols Are you a homeowner in your 60s looking for a way to stretch your retirement income? Well, a [reverse mortgage might be...](https://equityaccessgroup.com/about) ###### 5 min read #### [When Is the Reverse Mortgage Loan Due? Key Details for Homeowners](https://equityaccessgroup.com/blog/when-is-reverse-mortgage-loan-due) Jun 16, 2025by Jason Nichols A reverse mortgage loan lets eligible homeowners borrow money against their home equity without making monthly mortgage... ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Jason Nichols", "url" : "https://equityaccessgroup.com/blog/author/jason-nichols" }, "dateModified" : "2022-08-30T12:00:03.650Z", "datePublished" : "2022-08-30T12:00:00.000Z", "headline" : "Selling Your House With a Reverse Mortgage", "image" : [ "https://equityaccessgroup.com/hubfs/Business%20man%20pointing%20to%20transparent%20board%20with%20text%20Property%20News.jpeg" ], "mainEntityOfPage" : { "@id" : "https://equityaccessgroup.com/blog/selling-your-house-with-a-reverse-mortgage", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://equityaccessgroup.com/hubfs/EAG-Logo.png" }, "name" : "Truss Financial Group, LLC" } } ```