Texas Senior Care and Housing Directory
Texas Senior Care and Housing Directory

1st Nations Reverse Mortgage - LogoCouple

Mike Hicks - VP, National Sales Executive

TX Reg#130672

Mike Hicks - Vice President /
National Sales Executive
2600 South Shore Blvd Ste #300
League City, TX 77573
Tel: (713) 805-5351

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About 1st Nations Reverse Mortgage

The 1st Nations team first began in 1991.  Since that time, we have educated thousands of clients, elder law attorneys, financial professionals, health professionals, government agencies, and non-profits about the benefits and effective use of reverse mortgages. 1st Nations Reverse Mortgage Texas Serving Areas Map

1st Nations Reverse Mortgage serves seniors throughout Texas including:

Houston, San Antonio, Dallas, Austin, Fort Worth, El Paso, Arlington,Corpus Christi, Plano, Laredo, Lubbock, Garland, Irving, Amarillo, Grand Prairie, Brownsville, McKinney, Frisco, Pasadena and Mesquite, TX.

We pride ourselves in delivering honest, valuable advice to our clients as if they were our own family. We will always do business this way. 1st Nations is a U.S. Department of HUD approved reverse mortgage lender, and is currently a member of the National Reverse Mortgage Lenders Association. 

At 1st Nations, we only do reverse mortgages, and we are proud to be one of America’s oldest and most respected sources of reverse mortgage information and advice. As a team, we share a passion for older Americans, and we are deeply committed to their needs.

Our Mission

Our mission is to create awareness and a better understanding of reverse mortgages throughout the older adult community as well as within the professional community.

Our goal is to educate people completely, accurately, and honestly about the pros and cons of reverse mortgages.  Through this effort, we hope to make a difference in the lives of many older Americans.


How Does a Reverse Mortgage Work?

A reverse mortgage allows homeowners who are 62 years or older to access a portion of the equity in their homes without having a monthly mortgage loan payment.

  • No loan repayment is required as long as the borrower owns and lives in the home.*
  • There are limited income, asset, and credit requirements
  • The homeowner retains title and ownership of the home
  • Cash advances can be used for any purpose

What can I use the money for?

  • Pay off current mortgage or debts
  • Property taxes/ home insurance
  • Home repairs
  • Everyday living expenses
  • Retirement Planning
  • Medical expenses or in-home care

How can I qualify?

  • Any homeowner who is 62 years or older
  • You must be living in the home as your primary residence

How much money can I get?

The amount you can get depends on:

  • Youngest borrower’s age**
  • The home value
  • Current interest rates
  • The HUD loan limit in your area

hand holding

How is it paid to me?

  • You can choose how to receive your money.
  • You can receive it:
  • As a Lump Sum at the closing of the loan
  • As a Monthly Cash Advance
  • As a Line of Credit


  • Any combination of the above three options

When do I pay it back?

  • When the home is sold or when the last surviving spouse or borrower dies or moves away for 12 months in a row.

Are Reverse Mortgages safe?

  • Reverse mortgages are insured by the U.S. Dept. of HUD
  • Payments to borrowers are guaranteed by the U.S. government
  • They are available through HUD Approved lenders
  • Independent HUD counseling is required prior to application
  • Does not affect Social Security or Medicare benefits***

How do I apply for a Reverse Mortgage?

  • First you must obtain a counseling certificate from a HUD-approved counseling agency (we can supply you with a list of national and local agencies from which you can choose).
  • After receiving your counseling certificate, you can make an application with a 1st Nations Reverse Mortgage Specialist in the comfort of your home.
  • Under normal circumstances, the entire process should take approximately 30 – 45 days.

** Or the age of an eligible non-borrowing spouse.
*** SSI and Medicaid benefits may be affected.

What property types are eligible?

Properties that are eligible for purchase with a reverse mortgage include:

  • Existing Single Family residences
  • FHA approved condominium
  • Manufactured homes*
  • New Construction properties where the Certificate of Occupancy or equivalent has been issued BEFORE taking the application, ordering services, etc.

*Some restrictions apply.

Contact Us!

To find out if a reverse mortgage is right for you, or if you have any specific questions, please call 1st Nations Reverse Mortgage at (713) 805-5351 or complete our Request for Information form below.

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DISCLAIMER: Links to other websites or references to products, services or publications do not imply the endorsement or approval of such websites, products, services or publications by Elder Options of Texas. The determination of the need for senior care services and the choice of a facility is an extremely important decision. Please make your own independent investigation.