What are Home Equity Conversion Mortgages?

The Home Equity Conversion Mortgage (HECM) is the Federal Housing Administration’s (FHA) reverse mortgage program which enables borrowers to withdraw some of the equity in their home

The SaddleRock story is all about you.

SaddleRock Reverse Mortgage first opened it’s doors in 2001 (Back then, it was called Director’s Mortgage) with a commitment to guiding seniors through the process of achieving financial peace of mind. 

This is your journey.
Let’s begin together, right here.



There is a whole new kind of life ahead, full of experiences just waiting to happen. Some call it retirement. I call it bliss.

~ Betty Sullivan

The SaddleRock Process

The entire reverse mortgage application process typically takes a total of about 30-45 days right from the day that the processing starts and it has six steps.


Checkout Recent Blog Posts

At SaddleRock, education is at the heart of what we do. Here are some of our recent posts that can help seniors better understand the reverse mortgage program.

Feedback from our clients

We're committed to giving our customers the best possible service and to make the home financing process as efficient, stress-free and pleasant as possible.

After selling my condo in LA and weighing options for moving forward in a way that would secure these final years of my life (which I fully expect to last at least another 20+ years), I realized that it would be wisest for me to find a way to purchase a home that left me owing no mortgage. While exploring those options, I heard about a reverse mortgage loan. It sounded too good to be true, so, I explored it thoroughly for almost a year, in an effort to discover where the punch line was hidden. To my surprise, my research only solidified that for me, this was an option I needed to seriously pursue. It brought together my desire to preserve my retirement income, a need to think about home loans differently, and also the need to reconsider the real ramifications of not having family that I "should" leave my home to when I passed.

Pat, SaddleRock Client

I had attended an informational session in 2014 with Shannon presenting and never thought I would consider a reverse. Then 18 months later when my wife and I decided to move out of the area into a higher housing cost area that I remembered Shannon’s presentation and the ability to purchase a home using a reverse mortgage. I called her, asked my questions and initiated the process to purchase our new home using a reverse mortgage. Our experience was incredible, and Shannon walked us through the entire process, assisting us in meeting our closing date.

Rick, SaddleRock Client

As a real estate agent that works with a large number of Active Adults in 55+ communities there are many times when our clients need the assistance of a Reverse Mortgage. Whenever that happens, I immediately call Shannon at SaddleRock Reverse Mortgage. As specialist in Reverse Mortgages, they not only know all the technical details better than anyone else, but more importantly they know how to treat clients and provide them with the best service. If you’re considering a Reverse Mortgage, trust me, you want to use SaddleRock!

Caleb O’Hara – Realtor

I have been working with Shannon for over 10 years.  She is personable, knowledgeable, and patient with me and my clients.  Shannon considers what is best for my clients and is responsive to requests from me for review.  She has gone above and beyond to help clients overcome any challenges or obstacles in getting their reverse mortgage.  I know I can rely on Shannon to take care of the clients I refer to her. Not only does Shannon provide great service, she makes sure the client is guided with the appropriate product suiting their individual situation.  I can only say 5 out of 5 stars, and if there were a 6th available she would get a 6!”

Bill G, Financial Advisor

Shannon, this has been a very difficult time for me. I just want to thank you so very much for all your help, support, and concern. You taking so much interest in this project has been godsent. God Bless you.

Betty – SaddleRock Client