Homeownership Resources for Older Adults


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Our homes are much more than just shelter; they are a place of family and shared memories, and an important financial asset. However, as you age, your home may become a burden because of rising costs or its inability to accommodate your changing physical needs. Here you will find resources that can help you modify your home, make decisions about moving, learn about accessing home equity, and find out what to do if you are facing foreclosure.

Home Modification
A home purchased earlier in life may not suit your needs as you grow older. There are resources that can help you think through what modifications you can make to your home to better accommodate your situation. Learn more.

Moving and Downsizing
The decision to rent, buy, or move depends on many factors, including your budget and your current needs. Consider your options carefully. This calculator can help you decide if moving is best for you.

Reverse Mortgage
A reverse mortgage is a type of home loan that allows seniors to convert the equity in their home to cash to meet a wide range of financial needs. Learn more.

Foreclosure
If you are at risk for foreclosure, there are several government and nonprofit programs that can provide you with information, assistance, and counseling to deal with foreclosure and avoid scams. Learn more.

The U.S. Department of Housing and Urban Development can connect you with a free counseling agency that can help. Find the agency closest to you.

The Federal Reserve Bank also can help you locate foreclosure centers in your area. The Bank provides comprehensive guides on dealing with a foreclosure, keeping your home, and avoiding scams. Learn more.