Korean reverse mortgage by HF (Korea Housing Finance Corp): age 55+, price ≤ 1.2B KRW (oct 2024 revision), 2026 base payout table. Maximum 3.75M KRW/month.
| Operator | Korea Housing Finance Corporation (HF) |
| Legal basis | Korea Housing Finance Corporation Act, Art. 43-2 and below |
| Payout types | Lifelong / fixed-period / loan-replacement / preferred |
| Payment structure | Flat / front-loaded / step-up / phased |
| Eligibility (2026) | Age 55+ with one or more homes, assessed price ≤ 1.2B KRW (Oct 2024 revision) |
| Payout cap | 3,750,000 KRW/month (2026 HF table, lifelong-flat) |
| Occupancy | Lifetime residence (rental/sale generally not allowed) |
| Settlement | After both spouses pass away, HF settles via house sale — any shortfall absorbed by HF/government |
| Lifelong | Equal monthly payment for life (most common) |
| Fixed-period hybrid | Higher payout during set period, reduced afterwards |
| Loan-replacement | Lump-sum to repay mortgage, remainder as monthly |
| Preferred | Age 65+ with Korean Basic Pension eligibility → up to 20% higher |
| Assessed 300M / age 60 | ≈ 630,000 KRW |
| Assessed 300M / age 70 | ≈ 900,000 KRW |
| Assessed 500M / age 65 | ≈ 1,250,000 KRW |
| Assessed 500M / age 75 | ≈ 1,920,000 KRW |
| Assessed 900M / age 70 | ≈ 2,700,000 KRW |
| Assessed 1.2B / age 75 | ≈ 3,750,000 KRW (cap) |
| Age | Applicant or spouse aged 55+ (uses younger spouse's age) |
| Nationality/residency | Korean national residing in the Korean home (registered address) |
| House price | Assessed price ≤ 1.2B KRW (Oct 2024 revision) |
| Multiple homes | Allowed if combined assessed ≤ 1.2B KRW; two-home case: sell one within 3 years |
| Property type | Apartment, detached, row house, multi-family, residential officetel |
| Excluded | Commercial, farmhouses, non-residential use |
| Initial guarantee fee | 1.5% of home price (one-time, installments allowed) |
| Annual guarantee fee | 0.75%/yr of outstanding balance (added to loan) |
| Interest rate | 3-month COFIX + 1.1%p or CD + 1.1%p (2026 reference; final rate per HF notice) |
| Shortfall absorbed | If cumulative payouts+fees+interest exceed sale price, shortfall is covered by HF/Korean government |
Payout tables update each year based on home-price trends, life expectancy, and interest rates. Always verify via the official Korean HF calculator.
This is a South Korea–only summary of the Korea Housing Finance Corporation (HF) public notice as of April 2026. Payouts shown are linear-interpolated reference estimates; actual amounts depend on the applicant's age, payout type, payment structure, current assessed price, life expectancy, and interest rate at application. This tool has no legal effect — verify with HF's official calculator (hf.go.kr) or a Korean HF branch before applying. This service does not recommend, solicit, broker, or sell any specific financial product.
Korea's Housing Pension (주택연금) is a public-guarantee reverse mortgage operated by the Korea Housing Finance Corporation (HF) under the Korea Housing Finance Corporation Act. Korean residents aged 55 and older with a home whose assessed price is 1.2 billion KRW or less (as revised October 2024) can receive a lifelong or fixed-period monthly payment secured by the home. Four payout types (lifelong, fixed-period hybrid, loan-replacement, preferred) and four payment structures (flat, front-loaded, step-up, phased) are available. The 2026 cap is 3.75M KRW/month for the lifelong-flat plan. Homeowners keep lifetime occupancy; surviving spouses continue receiving the same amount. If cumulative payouts+fees+interest exceed the eventual sale price, the shortfall is absorbed by HF and the Korean government, with no extra burden on heirs.
Yes. The applicant and spouse may reside in the Korean home for life; upon the death of one spouse, the survivor continues receiving the same payout. Renting out or selling the home is generally not allowed; certain exceptions (e.g., long-term care admission) require HF approval.
No — your monthly amount is fixed at enrollment based on assessed price, age, and payout type, so later price changes do not affect it (unless you chose step-up or phased structures).
Yes, if the combined Korean assessed price is 1.2B KRW or below. Two-home owners over 1.2B KRW can enroll on condition they dispose of one home within 3 years.
Once both spouses pass away, HF sells the home to settle cumulative payouts + fees + interest. Surplus goes to heirs; shortfalls are absorbed by HF/Korean government.
If either spouse is 65+ and eligible for Korea's Basic Pension, the preferred plan increases the monthly payout by up to 20%. Additional conditions (e.g., single home with assessed price ≤ 200M KRW) apply — check HF's official guidance.
South Korea's Housing Pension (Housing Reverse Mortgage, 주택연금) is a public-guarantee product operated by the Korea Housing Finance Corporation (HF) under the Korea Housing Finance Corporation Act. Korean residents aged 55 and older with an assessed home price of 1.2 billion KRW or less (as revised in October 2024) can receive lifelong or fixed-period monthly payments secured by their Korean home. The program supports four payout types — lifelong, fixed-period hybrid, loan-replacement, and preferred — and four payment structures (flat, front-loaded, step-up, phased). The 2026 lifelong-flat payout cap is 3,750,000 KRW/month; fees include a 1.5% one-time initial guarantee fee, a 0.75%/yr ongoing guarantee fee on outstanding balance, and interest tied to 3-month COFIX+1.1%p or CD+1.1%p (2026 reference). Korean homeowners keep lifetime occupancy, surviving spouses inherit the same payout, and any shortfall between cumulative payouts and the eventual sale price is absorbed by HF and the Korean government — no additional burden on heirs. Multi-home owners may qualify if combined assessed price is within the cap, with a 3-year disposal condition for two-home cases above 1.2B KRW. Apply via Korean HF branches or 1688-8114; verify exact payouts through HF's official calculator at hf.go.kr. Applies to residents of the Republic of Korea.