Disclosures & Licensing

Last reviewed: June 23, 2026

Who we are & licensing

Senior Resources Mortgage is a DBA (trade name) of NEXA Lending, LLC. Mortgage loan origination services are provided by David Rider, a licensed mortgage loan originator.

Equal Housing

NEXA Lending, LLC is an Equal Housing Lender. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. We do not discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from a public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act.

Not financial, tax, or legal advice

Information on this website is educational in nature and is not financial, tax, or legal advice. Reverse mortgages are not right for everyone. Please consult a qualified financial advisor, tax professional, or attorney about your specific situation before making a decision.

Reverse mortgage borrower obligations

A reverse mortgage is a loan that must be repaid. With any reverse mortgage:

  • You must be at least 62 years old (for an FHA HECM) and own your home;
  • You must keep the home as your primary residence;
  • You remain responsible for property taxes, homeowner's insurance, any HOA dues, and basic home maintenance;
  • The loan balance grows over time as interest and fees accrue, which reduces the equity remaining in your home;
  • The loan becomes due and payable when the last borrower sells the home, moves out permanently (including more than 12 consecutive months in a care facility), or passes away;
  • Failing to meet the loan's ongoing requirements (such as paying taxes and insurance or maintaining the home) can cause the loan to become due.

HECM reverse mortgages are insured by the Federal Housing Administration (FHA) and require independent HUD-approved counseling before closing. The HECM "non-recourse" feature means that when the loan comes due through sale of the home, neither you nor your heirs will owe more than the home's appraised value at that time.

Not a commitment to lend

This website does not constitute an offer or commitment to lend, a loan approval, or a guarantee of any particular rate, term, or product. Product availability, loan limits, interest rates, and eligibility requirements are subject to change without notice and are subject to underwriting approval. The 2026 FHA HECM lending limit is $1,249,125. Some products referenced (for example, the HomeSafe Second and Longbridge Platinum) are proprietary products offered by their respective lenders, subject to those lenders' terms, and are not available in all states.

Third-party links & trademarks

Links to third-party sites (such as HUD, the CFPB, NRMLA, lender registration pages, and Zoom webinars) are provided for convenience. We are not responsible for the content or privacy practices of those sites. Product names and trademarks belong to their respective owners.

Privacy

See our Privacy Policy for how we collect and use information you provide on this site.