Brokers/LendersB2B Homee-MITS and more!Rate CenterProduct Center
Indymac Federal Bank home  |  privacy  |  security 
Learn more...
 

Site:
  En Español
 
Products
  Agency Conforming
  Super Jumbo
  Alt A
  ARMs
 
 
 Approved Customers Log In
  QuickPricer®
  e-MITS®
  Demos
 


Special Offerings
  FHA
  Warehouse Lending
  Reverse Mortgage
 


Resource Center
 
·  Forms & Exhibits
 
·  e-Ratesheets
 
·  Marketing Materials
 
·  Events
 
Help
 
·  Customer Service
 
·  e-MITS / FAQs
 
·  Compliance
 
·  Glossary


 

Home Keeper®
 
Home Equity Conversion Mortgage  | Home Keeper® 
 
today's ratesmarketing materialsFAQsreverse mortgage calculator

This plan provides a cash payment lump sum, line of credit or monthly payment for as long as the borrower lives in their home.
Only FHA-approved Indymac Sellers can originate the Home Keeper program.
Features and Benefits:
·Available to homeowners 62 or older
·Variable CD interest rate plus margin is adjusted monthly
·Loan origination and closing costs may be financed by the loan
·Borrower counseling by an approved independent counselor is required
·Social Security or Medicare eligibility may not be affected. (Consult the Social Security Administration and your tax advisor)
·No income qualifications
·Use of loan proceeds not restricted
·Loan proceeds are tax-free1
   
1 Borrowers should consult a tax professional to determine the tax effect of a reverse mortgage

Guidelines are only for reference. Refer to the Indymac Bank Lending Guide for detailed information on products, programs, procedures, representations and warranties.

Rates, fees and programs are subject to change without notice.

Rate sheets do not represent program guidelines. Please refer to the Indymac Bank Lending Guide for specific parameters.
Get Approved!
Become an Indymac Bank approved seller.






Licensing | Terms of Use
©2010 Indymac Federal Bank, FSB Registered trade/service marks are the property of Indymac Federal Bank, FSB and/or its subsidiaries.
  Information is intended for Mortgage Professionals only, and not for distribution to consumers, as defined by Section 226.2 of Regulation Z, which implements the Truth-In-Lending Act.
  Bond and equity market charts are provided by BigCharts.com, a third party source, and are made available to Indymac customers for reference purposes. Indymac Federal Bank has no control or responsibility for this information, makes no representation, warranty or guarantee with respect to their accuracy, and expressly disclaims any liability in connection with their use.