HECM Reverse Mortgage

About the HECM Reverse Mortgage

The HECM Reverse Mortgage is the most popular reverse mortgage in the country; currently almost 100% are HECM reverse mortgages. HECM Loans were created by HUD (the Department of Housing and Urban Development) and they are insured by the FHA (Fedaral Housing Administration). The fact that the HECM reverse mortgage is, essentially, a product of the US Government gives the borrower a great deal of assurance, and is why this type of loan is so popular.

HECM Reverse Mortgages Borrower Requirements

  • >>Borrowers must be Age 62 years or older
  • >>Own their home and have enough equity in to qualify
  • >>Occupy the home as primary residence
  • >>Receive counseling by an approved HUD/FHA counselor
  • >>The home must be in reasonably good repair

HECM Reverse Mortgage Payment Options

  • >> Lump sum disbursement
  • >> Monthly payments
  • >> Line of credit
  • >> A combination of the Above

To learn more about the HECM reverse mortgage, or to request free HECM Information, please Contact us today. There is no obligation, and the information is free. You may visit the following link to return to the ReverseMortgage home page, or or request a free Reverse Mortgage Quote online.

Verified Reviews

(195)

Professional and Knowledgeable Professional and Knowledgeable I am so glad you help me with my reverse mortgage. I could not have had a more professional and knowledgeable person to go over the details and answer my questions and concerns. I appreciate it very much. Thanks again      

Dave R — Sep 28, 2018

The Process Went Smoothly All questions were answered in a timely manner. Process went along smoothly .

Norm J — May 3, 2023

Larry is the Best!! I was referred to Larry and could not be happier for the result. I had a unique circumstance, I was just out of bankruptcy and I had to save my house from foreclosure. I just got in under the time to qualify from the better limits under the old rules for a larger line of credit. Because my bankruptcy estate was not fully complete I had to get a court order from the bankruptcy judge to remove my house from my bankruptcy estate. With a time limit of 12/31/13 to close the financing, which I had to have to pay off the amount due to get out of foreclosure. Once I had the court order, Larry did a miracle in getting the paper work complete to close. I ended up closing the reverse mortgage on 12/31/13 at 12:30 pm, just 4.5 hours left in the year to close the deal! Larry saved my house and life. I can never express the amount of gratitude I have for his great service. THANK YOU LARRY!!!!!

Carl S — Jan 16, 2017

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