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Indiana seniors can take advantage of Indiana reverse mortgage loans to access cash and other lines of credit using the equity in their homes. Most seniors who do not have any source of income can find economic relief in these mortgages. The most common mortgage applied for is the Housing and Urban Development office (HUD) loan. The average senior homeowner can apply for this mortgage through a lender that is approved by the HUD. You can check whether a lender is approved at the HUD website. It is important to find an experienced and reputable HECM lender.

Seniors may also qualify for deferred property loans (DPL) in Indiana. To qualify, the seniors must be primary homeowners, have little income, and 65 years or older. This is however offered only in a few municipalities. Check with you local government whether the program is available in your city.

Homeowners may also qualify for property tax deferrals and deferred property loans. Homeowners with little or no income and borrowers aged 65 or older can qualify for deferred property loans. No interest is charged on the loans during the first 5 years. The loans are offered depending on the value of home equity that borrowers have accumulated with time.