Coupeville’s peaceful coastal charm makes it a popular place for retirement—but when it’s time to move on, many homeowners ask: Can I sell my home if I have a reverse mortgage?

The answer is yes, and Team Kelli Lang is here to help guide you through the process with clarity, care, and confidence. If you or a loved one has a reverse mortgage and you're considering selling, here’s what you should know.

1. What Is a Reverse Mortgage?

A reverse mortgage is a loan available to homeowners aged 62 and older, allowing them to access their home’s equity without monthly mortgage payments. Instead of making payments, the loan balance grows over time and is repaid when:

• The home is sold

• The borrower moves out permanently

• The borrower passes away

💡 Reverse mortgages are most often Home Equity Conversion Mortgages (HECMs) backed by the FHA.

2. Yes—You Can Sell Your Home with a Reverse Mortgage

If you or your family is ready to sell your Coupeville home, the process is straightforward:

• You list and sell the home with the help of a licensed agent (like Team Kelli Lang!)

• At closing, the reverse mortgage is paid off from the sale proceeds

• Any remaining equity goes to the homeowner or their estate

Whether you're transitioning to assisted living, downsizing, or handling an estate sale, we can help you manage the details.

3. How Much Do You Owe on the Reverse Mortgage?

Before listing your home, you’ll need a loan payoff statement from your mortgage servicer. This document shows:

• Your current loan balance (including interest and fees)

• The total amount due at closing

💡 The longer you’ve had the loan, the more interest may have accrued—so this number may be higher than expected.

4. What If the Home Is Worth Less Than the Loan Balance?

No need to panic. Reverse mortgages are non-recourse loans, which means:

• You (or your heirs) won’t owe more than the home’s value, even if the loan balance is higher

• The lender can only recover what the home sells for—not pursue other assets

In this case, the home may be sold in a short sale or given back to the lender through a deed in lieu of foreclosure, and Team Kelli Lang can walk you through both options.

5. What If You’re Handling an Estate with a Reverse Mortgage?

If a loved one has passed away and the home has a reverse mortgage, you typically have:

• 30 days to contact the lender

• Up to 6 months to sell the home (often extendable to 12 months)

We specialize in helping families in Coupeville manage estate sales with:

• Compassionate guidance

• Connections to local estate sale and clean-out vendors

• Accurate pricing and strong marketing to ensure a timely sale

6. How Team Kelli Lang Simplifies the Process

Selling a home with a reverse mortgage doesn’t have to be stressful—especially when you have a team that understands the process.

Here’s how we support you:

✅ Verify loan details and coordinate with your lender

✅ Provide a detailed market analysis to price your home right

✅ Help with staging, marketing, and buyer negotiations

✅ Ensure your timeline stays on track to avoid lender penalties

✅ Support with estate sales, probate cases, and relocation moves

Whether you’re managing your own move or helping a parent, we’re here with the experience and compassion to make it smooth from start to finish.

7. Coupeville Sellers Trust Team Kelli Lang for a Reason

We’re not just real estate experts—we’re locals who know Coupeville’s market inside and out. Our experience with reverse mortgage sales, senior transitions, and estate listings makes us the go-to team when the stakes are high and the details matter.

8. Let’s Talk About Your Next Chapter

If you’re considering selling a home with a reverse mortgage in Coupeville, let’s talk. We’ll walk you through your options, calculate your potential proceeds, and create a plan that aligns with your goals.

📞 Call Team Kelli Lang at 360-929-2217
💻Email team@kellilang.com to request a private consultation

You deserve expert support from a team who cares—because selling your Coupeville home should feel like the right move, not a burden.