Skip to main content
U.S. flag

An official website of the United States government

Customer Assistance: 1-800-613-6743

Get Answers to Your Banking Questions

How can I receive payments on a reverse mortgage?

A reverse mortgage provides a borrower with choices in how they will access the funds. The choices include the following:

  • A single lump sum payment
  • A regular fixed monthly payment for a term of years or for as long as at least one borrower resides in the house
  • A line of credit to be accessed as you choose
  • A combination of these options

If you decide to take a reverse mortgage, you should decide, after talking to a housing counselor, what option best suits your needs.

Last Reviewed: April 2021

Please note: The terms "bank" and "banks" used in these answers generally refer to national banks, federal savings associations, and federal branches or agencies of foreign banking organizations that are regulated by the Office of the Comptroller of the Currency (OCC). Find out if the OCC regulates your bank. Information provided on should not be construed as legal advice or a legal opinion of the OCC.

Still need help?

Contact Us