Gain Peace of Mind About Your Finances

It’s no surprise that HECM loans provide a solution for seniors to retire comfortably. From affording monthly expenses to paying credit card debt and medical bills, our flex payment program gives you the financial flexibility you deserve. Our flex payment program guarantees:

Your line of credit cannot be canceled
Your line of credit cannot be reduced
Your line of credit grows, even if home values drop

Setting the Standard in Quality Service

Our team sets the standard when it comes to quality customer service. We ensure that our customers have the information they need to improve their finances with peace of mind.

With an HECM loan, you can expect the following:

Optional Monthly Mortgage Payments

Borrowers are still responsible for maintaining the home, paying property taxes and homeowners insurance.

Line of Credit Growth

Homeowners can expect the unused portion of the line of credit to grow.


Line of credit remains open as long as the borrower lives in the home and complies with the loan terms.

Due Date

The loan is due when the last borrower or eligible non-borrowing spouse leaves the home (or does not comply with the loan terms).

No Pre-Payment Penalty

There are no pre-payment penalties.

Government Insured

Insured by the Federal Housing Administration.

No Annual Fees

There are no annual fees to keep the HECM line open.

How to Apply for the Flex Payment Program


Contact a Specialist at Standard Lenders

One of our expert advisors will quickly respond and determine if the flex payment program is right for you.


Request a Free, No-Obligation Quote

Conveniently enter our quote form online for a quick response.
Request a Free Quote


Receive Your Free Proposal

Our specialists will follow up and answer any questions you may have.

For immediate answers, take a look at our FAQ section below.


Meet with a Licensed Professional

Connect with our advisors by phone, mail, email, or in the comfort of your own home.

Answers in HECM Loans

Homeowners must be at least 62 years old to qualify for the HECM loan. In addition, borrowers must:

  • Own the property or have at least 50% equity
  • Occupy the home as their primary residence
  • Complete a HUD-approved counseling session
  • Meet all FHA property standards
  • Continue paying homeowners insurance, property taxes, and HOA fees
  • Maintain the condition of your home
  • Not be delinquent on federal debt

Yes! HECM loans are insured through the Federal Housing Administration (FHA).

If you are looking for financial flexibility or you feel your life could be more comfortable with a little extra cash, then a flex payment program is an excellent way to leverage your home’s equity and take advantage of the current housing market.

Borrowers can choose a lump-sum cash payout or a line of credit.

Flex payment programs can be repaid at any time with no pre-payment penalty. You can choose how much you want to pay every month until the balance is repaid. In the event you decide to move or have passed away, your heirs have the option to sell the home to repay the balance and keep the remaining proceeds, or refinance the home back into a traditional mortgage.