Published reverse mortgage terms, side by side. Rates reviewed September 2026.
Best for: Homeowners 55 and older who want money from their equity without ever making a monthly payment
Apply Now Full profileBest for: Homeowners 55 and older converting equity to tax-free cash while staying in the home
Apply Now Full profile| Bloom Finance Company | CHIP Reverse Mortgage (HomeEquity Bank) | |
|---|---|---|
| Amount range | $20,000 – $2,000,000 | $25,000 – $10,000,000 |
| Rate | From 6.56% APR | From 7.29% APR |
| Funding speed | 30 days | 30 days |
| Minimum income | Not published | $1,500/month minimum |
| Time in business | 12 months trading minimum | 12 months trading minimum |
| Minimum credit band | any | poor |
| Provinces | 3 provinces | All provinces and territories |
