Your Path to Homeownership Starts Here
Norman Hodge gives you a unique advantage: expert real estate guidance and in-house mortgage financing under one roof. No referrals, no delays — seamless service from contract to closing.
Mortgage Services
Whether you are buying your first home, upgrading, or investing, we have the right loan program for your situation. As a licensed Loan Officer, Norman works directly with lenders to find competitive rates and terms tailored to your goals.
Conventional
Flexible down payment options, competitive rates, and no upfront mortgage insurance premium for qualified buyers.
FHA
As low as 3.5% down with more flexible credit requirements — ideal for first-time buyers building their future.
VA
Zero down payment, no private mortgage insurance, and competitive rates for eligible veterans and active-duty service members.
USDA
100% financing available for eligible rural and suburban properties — no down payment required for qualifying borrowers.
Reverse Mortgage (HECM)
A Home Equity Conversion Mortgage (HECM) lets homeowners 62 and older convert a portion of their home equity into tax-free proceeds, with no required monthly mortgage payments.
Homeowners age 62+ who own their home outright or have significant equity. Must be your primary residence.
No required monthly mortgage payment. The loan is repaid when you sell, move out, or pass away.
Funds received are generally not considered taxable income. Consult your tax advisor for your specific situation.
You remain the owner of your home. The bank does not take ownership — a common misconception.
HECMs are insured by the Federal Housing Administration, providing non-recourse borrower protections.
Choose lump sum, monthly payments, a line of credit, or a combination based on your financial needs.
Common Misconceptions
✔ The bank owns my home — False. You retain full title. The reverse mortgage is a lien, just like a traditional mortgage.
✔ My heirs will be stuck with debt — False. HECMs are non-recourse loans. Heirs never owe more than the home value at repayment.
✔ I can be forced out — False. As long as you live in the home and meet basic obligations (taxes, insurance, maintenance), you cannot be forced to leave.