Home Loan Retiree Australia | Reverse Mortgage

Q: Can I get a standard home loan at 65?

Yes — but with shorter terms and exit strategy.

Q: How does a reverse mortgage work?

Borrow against equity; no repayments; repaid from home sale.

Q: Will Age Pension count as income for borrowing?

Yes — typically discounted to 60-80%.

Q: Can I take a home loan into retirement using super?

Yes — super lump sum or income stream as exit/income source.

Q: What's a downsizer loan vs reverse mortgage?

Downsizer = standard mortgage for new home. Reverse = equity release without selling.

Who this guide is for

Australian retirees (60+) wanting to buy, refinance, or access home equity — including pensioners, self-funded retirees, and recent retirees still working part-time.

Retirees wanting to downsize and buy smaller
Self-funded retirees with super and other income
Pensioners exploring reverse mortgage to access equity
Indian and South Asian retirees considering multi-generational living

The local picture

Retiree lending faces age restrictions, serviceability calculated into older years, and limited income recognition (Age Pension often discounted). Most general brokers don't know which lenders are flexible with older borrowers.

How Mortgagefy helps locally

Mortgagefy works with retiree borrowers regularly. We identify lenders flexible with older applicants, explain reverse mortgage tradeoffs, and coordinate with super advisers where needed.

Free advice.

How it works — 4 simple steps

Free retiree chat

20-minute call about your retirement income and property plans.

Map options

We outline standard mortgage, reverse mortgage, downsizer loan options.

Application support

We compile pension/super statements, asset documentation.

Settle the right structure

You proceed with the option that fits.

Frequently asked questions

Can I get a standard home loan at 65?

Yes — but lenders prefer shorter terms and clearer exit strategy (sale at retirement, super lump sum). Strong asset position helps.

How does a reverse mortgage work?

You borrow against home equity; no repayments while you live in the home. Loan grows with interest. Repaid from sale of home (typically when you move out or pass away).

Will Age Pension count as income for borrowing?

Yes but typically discounted. Pension income often counted at 60-80% by lenders due to perceived less stability.

Can I take a home loan into retirement using super?

Some lenders accept super lump sum or super income stream as exit strategy or income source. Specific rules apply.

What's a downsizer loan vs reverse mortgage?

Downsizer loan is standard mortgage for downsizing purchase. Reverse mortgage is equity release without selling. Different purposes.

Talk to us about retiree home loans

Free 20-minute call about your retirement options.

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Home Loan as a Retiree in Australia: Options Beyond Standard Mortgages