Answer four quick questions and we'll estimate your residual income against the guideline for your region.
Tell us where you live and who lives with you so we can align on the right residual income requirement.
We compare your household's disposable income with the regional benchmark used in a HECM financial assessment. Proprietary reverse mortgage guidelines may vary.
Connect with a South River Mortgage specialist to translate these numbers into a personalized HECM strategy.
Residual income is the money left over each month after paying for essential living costs — things like your property taxes, insurance, utilities, and other debts.
It’s a way for lenders to confirm that you’ll have enough remaining cash to maintain your home and lifestyle comfortably after closing.
Residual income isn’t about proving you can repay a loan — it’s about showing you’re financially stable.
Having enough left over each month helps ensure you can keep up with property expenses and stay in good standing with your reverse mortgage.
Think of it as a financial “peace-of-mind” check before approval.
Residual Income = Gross Monthly Income – Essential Monthly Expenses
Expenses usually include:
Our calculator does the math automatically, factoring in cost-of-living differences by region and family size.
Even small adjustments can make a big difference:
We don’t just calculate numbers — we help you understand them. Our licensed specialists can: