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What your monthly reverse mortgage statement looks like

Once your HECM closes, your loan is serviced by the Reverse Mortgage Servicing Department in Lansing, Michigan, and you'll get a statement like this every month. Click any highlighted field to try your own numbers.

Page 1
SAMPLE · FOR ILLUSTRATION ONLY
9089 S 1300 W #110
West Jordan, UT 84088
Monthly Reverse Mortgage Statement
QR code to www.reversedepartment.comSCAN ME FOR
24/7 ACCT INFO
Reverse Mortgage Servicing Dept
P.O. Box 40724
Lansing MI 48901-7924
Customer Service: (866) 654-0020
Email Address: bc@reversedept.com
www.reversedepartment.com
JOHN & JANE SAMPLE
1234 W SAMPLE STREET
West Jordan, UT 84088
Date Printed: July 06 2026
Account Number:0000000
Loan Type:
HECM
Current Payment Plan:
Line of Credit
Current Loan Status:
Active
Credit Type:
Open end
THIS IS NOT A BILL
Property: 1234 W SAMPLE STREET West Jordan, UT 84088
Statement Period: June 01 2026 to June 30 2026
Balance Details

Principal Limit Information

Original Principal Limit287346.00
+ Growth of Principal Limit97357.25
Current Principal Limit384703.25
Service Fee Set Aside0.00
Current Total Loan Balance*342741.96
Repair Set Aside0.00
Tax & Insurance Set Aside0.00
1st Year Property Charges Set Aside0.00
Current Net Principal Limit41961.29
Prior Month-End Current Net Prin Limit51729.18

Line-Of-Credit Information

Original Line-Of-Credit Reserve64778.07
+ Growth of Line-Of-Credit22550.39
Current Line-Of-Credit Loan Balance45367.17
Repair Set Aside0.00
1st Year Property Charges Set Aside0.00
Current Available Line-Of-Credit41961.29
Prior Month-End Current Avail LOC51729.18
Line of Credit advances cannot exceed Current Net Principal Limit
*Current Payoff Amount: None of the amounts in this statement are payoff amounts. Obtain a payoff quote at www.reversedepartment.com or request a quote via email to payoff@reversedepartment.com
Happy 250th Birthday, America!

Celebrating our seniors’ independence and, thanks in part to your Reverse Mortgage, the freedom to live comfortably and confidently in your home.

ANNUAL OCCUPANCY CERTIFICATION - PAPERLESS

Complete your annual occupancy certification by calling the phone number on this statement or online at www.reversedepartment.com. Only one borrower must verify.

BEFORE WIRING MONEY, CONFIRM WIRING INSTRUCTIONS

If you intend to wire us money, always confirm the accuracy of our wiring instructions by calling the phone number on your statement, or on our website at www.reversedepartment.com.

ONLINE ACCOUNT SECURITY

To protect the security of your loan and private information, logging into your online account at www.reversedepartment.com is accessible only from locations within the United States. If you should need assistance while outside the U.S., our Borrower Care team will be happy to help.

Please see enclosed Credit Disclosures and other Important Disclosures
Sample statement prepared by Reverse Freedom Mortgage (NMLS 1382816), Chad G Peck (NMLS 310031), for illustration only. Not an actual account statement. Figures are hypothetical.
Questions about your statement or a reverse mortgage?
Chad G Peck, Principal Lending Manager · NMLS 310031
Reverse Freedom Mortgage · Company NMLS 1382816
9089 S 1300 W #110, West Jordan, UT 84088
Office 801-921-4663 · Cell 801-809-3872 · chad@reversefreedom.com · ReverseFreedom.com
Equal Housing Opportunity. This page is a sample for illustration only and is not an actual account statement; figures are hypothetical. Not a commitment to lend.