The Evoque Specialty Program (Proprietary Reverse Mortgage) is a unique financial solution designed for homeowners age 55+ with high-value properties. This program allows you to access significantly more equity than traditional reverse mortgages, offering financial flexibility without monthly loan payments. Tailored for affluent homeowners, it provides larger payouts, no recourse, and the ability to stay in the home you love.
Like a regular
mortgage — but better
Imagine freeing yourself from the burden of monthly mortgage payments. With the Evoque Specialty Program, you’ll only manage property taxes, insurance, and HOA dues, allowing you to focus on living life your way.
Specifically designed for homeowners with high-value properties, this program unlocks more equity, allowing you to maximize the potential of your home’s value. Age requirements down to 55+.
Because the Evoque Specialty Program is insured by the lender, you or your heirs will never owe more than the home’s market value, no matter how property values fluctuate.
- Lump Sum
- Monthly Payments
- Line of Credit
- Combination
Stay in the home you cherish for as long as you like. As long as you occupy the property, pay your property taxes, and maintain homeowners insurance, you’re in complete control of your living situation.
The Informed Path to a Reverse Mortgage: A Step-by-Step Guide
Homeowners who are well-informed about the reverse mortgage process are 40% more likely to feel confident in their decision and report higher satisfaction with the results.” (Source: NRMLA)
How to eliminate your mortgage payments for good.
Step 1:Initial Consultation
Speak with one of our licensed reverse mortgage specialists to explore how the Evoque Specialty Program aligns with your financial goals. This personalized session sets the stage for a smooth and informed decision.
Step 2: Submit Your Application and Get a Property Valuation
Once you’ve decided to move forward, complete the application and schedule an appraisal to assess your home’s current value. This step determines how much equity you can unlock.
Step 3: Customize Your Payout Options
Choose how you want to access your funds, whether upfront, monthly, as a line of credit, or a combination. Our experts will guide you through the options to find the perfect fit for your needs.
Step 4: Access Your Funds
Enjoy immediate access to your home’s equity without the burden of monthly loan payments. Whether you need funds for a major purchase, day-to-day expenses, or long-term planning, your equity is now working for you.
Step 5: Repayment Happens Later
The loan is repaid when you sell the home, move out, or pass away. Any remaining equity belongs to you or your heirs, ensuring your legacy is preserved.
Extra helpful answers to commonly asked questions
Who qualifies for the Evoque Specialty Program?
Homeowners aged 62 or older with sufficient equity in a primary residence. Even if one spouse is under 62, the eligible non-borrowing spouse provision ensures the younger partner can stay in the home.
How much can I borrow?
Borrowing limits are significantly higher than standard reverse mortgages, allowing you to unlock more equity from your high-value property.
Will I lose ownership of my home?
You retain full ownership and control of your home, provided you meet the loan terms, such as paying property taxes and insurance.
What happens if the loan balance exceeds my home's value?
Thanks to the non-recourse nature of the Evoque Specialty Program, you or your heirs will never owe more than the home’s market value, even if property values decline.
How is the loan repaid?
The loan is repaid when the home is sold, you move out, or you pass away. If the home’s value has decreased, the lender absorbs the difference—your family is never liable for a shortfall.
Resources and Tools
Estimate how much you can borrow based on your home’s value and your age.
Watch short, engaging clips that explain how HECMs work and how they can benefit you.
Get a free, in-depth PDF covering every aspect of HECMs, from eligibility to payout options.
Ready to learn more? Speak with one of our Expert Licensed Reverse Mortgage Specialists:
- 1-800-592-0121
- Reverse@EvoqueLending.com
- Schedule a Consultation