Finance Of America Expands HomeSafe Second As Home Equity Opportunity Surges

March 19, 2026 - 21:26

Finance of America has significantly widened the reach of its HomeSafe Second product, announcing its expansion into Indiana, Ohio, and Michigan. This strategic move brings the proprietary second-lien reverse mortgage to a total of 16 states, highlighting a surging market trend as older homeowners look to leverage substantial housing wealth.

The expansion directly addresses a pronounced demand from homeowners aged 55 and older. With home equity at record highs, many in this demographic are seeking financial flexibility but are reluctant to refinance out of their existing, historically low first mortgage rates. The HomeSafe Second product is designed specifically for this scenario, allowing qualified homeowners to access a portion of their equity while leaving their primary mortgage untouched.

Industry experts point to a major demographic and economic shift driving this opportunity. As the population ages and housing values remain strong, the need for innovative solutions that unlock equity without monthly payments is growing rapidly. This expansion equips mortgage professionals in the newly added states with a critical tool to serve this expanding client base, positioning home equity access as a central component of retirement and financial planning strategies for older Americans.