Finance of America (FOA) has expanded access to its HomeSafe Second product into Indiana, Ohio and Michigan, giving senior homeowners more options for tapping record levels of home equity without giving up their low post-pandemic mortgage rates, the company announced Tuesday.

Reintroduced in 2023 as what the company called the industry’s first second-lien reverse mortgage, HomeSafe Second is now available in 16 states: Arizona, California, Colorado, Connecticut, Florida, Illinois, Indiana, Michigan, Montana, Nevada, Ohio, Oregon, South Carolina, Texas, Utah and Washington.

The product targets homeowners 55 and older (62 and older in some states) who want a lump sum details ⇒

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