Transit Employees FCU’s Reverse Mortgage will help senior homeowners achieve a better financial security. By converting the home equity into tax-free income, the special mortgage is a smart way to still stay in the home and get monthly payments to pay for any expenses.
The borrower should be at least 62 years old and own the home as the primary residence. There is no requirement of income qualification or credit history. The amount you may get will depend upon several factors such as current interest rates, home’s value and your age. For more information, please call 800-231-8855.
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Founded in 1940, Transit Employees Federal Credit Union has assets of more than $68 million and over 12,300 members today.
- Website: http://www.tefcu.org
- Tel: 202-832-5100, 800-722-8068
- 2000 Bladensburg Road, NE, Washington DC 20018
- 114 H Street, NE, Washington, DC 20002