I need some info on Homeowner Programs?

A reverse mortgage is a special type of home loan that lets a homeowner convert a portion of the equity in his or her home into cash. The equity built up over years of home mortgage payments can be paid to you. But unlike a traditional home equity loan or second mortgage, no repayment is required until the borrower no longer uses the home as the principal residence. FHA's reverse mortgage provides these benefits, and it is federally-insured as well.

To be eligible for a FHA reverse mortgage, FHA requires that you (the borrower) be a homeowner, 62 years of age or older; own your home outright, or have a low mortgage balance that can be paid off at the closing with proceeds from the reverse loan; and live in the home. You also must receive consumer information from a HUD-approved counseling agency before obtaining the loan. You can contact the Housing Counseling Clearinghouse on (800) 569-4287 to get the name and telephone number of an approved counseling agency and a list of FHA approved lenders within your area.

Try Gramps bank, lots of banks offer them now. I have heard lots of good things about them, but it pays to check into it yourself. All i know for sure is that he gets money now and the bank keeps his property if he dies. Something like that.