2025 HECM Lending Limits

2025 HECM Reverse Mortgage Limits Surge to $1,209,750

November 27, 2024     2 comments

Our guide breaks down the FHA's decision in an easy-to-understand format.  We've included handy tables comparing the reverse mortgage loan limits of 2024 and 2025, showing you exactly how much more you can borrow.  Plus, a "2025 Loan-To-Value Comparison" table illustrates how much of your home's value you can tap into with these new lending limits. This article, backed by data and expert analysis, is designed to be your one-stop guide to understanding the changes in HECM limits for 2025. Exciting News: HUD Increases Reverse Mortgage Lending... Read Full Article

Reverse Mortgage vs. HELOC and Home Equity Loans: Easier Qualifications and More Flexibility

November 18, 2024     19 comments

As retirees seek ways to supplement their income or cover expenses, accessing the equity in their home can be a practical solution.  Two popular options for doing so are the Home Equity Line of Credit (HELOC) and the Home Equity Conversion Mortgage (HECM), also known as a reverse mortgage.  While both allow homeowners to unlock the value of their property, they differ in terms of eligibility, repayment terms, and long-term impact on finances. In this article, we’ll explore the key differences between a HELOC and a reverse mortgage, helping you... Read Full Article

Reverse Mortgage Age Requirements: Choosing the Right Program for Your Needs

October 5, 2024     18 comments

Reverse mortgages offer older homeowners a way to access the equity in their homes without the burden of monthly mortgage payments.  The most popular option is the Home Equity Conversion Mortgage (HECM), insured by the Department of Housing and Urban Development (HUD).  This program provides a safe and reliable way for homeowners aged 62 and older to tap into their home equity. In addition to HECM, proprietary reverse mortgages are available, with some programs accepting borrowers as young as 55.  These private loans expand the options for homeowners who may... Read Full Article

Top 20 Best Reverse Mortgage Lenders of 2025: Reviews and Ratings

September 15, 2024     2 comments

When used wisely, a reverse mortgage can be a powerful tool for enhancing your retirement.  However, choosing the right reverse mortgage lender is key to ensuring long-term financial stability.  In this guide, we’ll explain how HECM lenders are rated and how online reviews help paint a clearer picture of their reliability. To make your decision easier, we’ve compiled a list of the top 20 reverse mortgage companies across the nation, along with five essential tips for selecting the lender that’s right for you. 5 Essential Tips for Choosing the Right... Read Full Article

Are Reverse Mortgages a Scam? Here’s the Facts You Need to Know

September 8, 2024     32 comments

The reverse mortgage is a scam! I am a banker, and I see elderly customers getting deceived daily by these 'reverse mortgages.' They end up losing everything and put their heirs in jeopardy. -Tim As a mortgage banker with over 45 years of experience, I've worked with many major banks, mortgage companies, and insurance firms, handling a wide range of lending products. While some financial products can be less favorable or risky for borrowers, reverse mortgages are not a scam. The key to avoiding confusion and misinformation is education. Understanding... Read Full Article

HECM: A Simple Guide to Home Equity Conversion Mortgages

August 30, 2024     12 comments

Understanding the HECM Program: A Comprehensive Guide The Home Equity Conversion Mortgage (HECM) program is the most widely used reverse mortgage option in the U.S. Insured by the Federal Housing Administration (FHA) and regulated by the Department of Housing and Urban Development (HUD), HECMs allow homeowners aged 62 or older to access their home equity while staying in their homes. In this guide, you’ll learn: How HECM loans work, including costs and requirements. Key benefits of FHA insurance and borrower protections. How HECMs compare to other home equity options like... Read Full Article

2025 Guide to Reverse Mortgage Purchase (HECM Purchase)

July 29, 2024     16 comments

All Reverse Mortgage flawlessly handled my reverse mortgage purchase, providing clear explanations and great professionalism. They promptly answered my questions and quickly returned calls. I highly recommend them to friends and family. -John P.(BBB) Introduction to Purchase Reverse Mortgages Welcome to our guide on Purchase Reverse Mortgages!  In this article, we will explain how you can buy a new home with a special kind of reverse mortgage, making it easier for you to transition to a new living situation as you age.  Whether you are considering downsizing, moving to... Read Full Article

Here’s an Ideal Reverse Mortgage Purchase Example

July 12, 2024     5 comments

Understanding the Reverse Mortgage for Purchase Program Many seniors prioritize finding a home that suits their lifestyle as they retire. Whether they’re looking to downsize, rightsize, avoid stairs, or find a low-maintenance property, the Reverse Mortgage Purchase program—also known as HECM for Purchase or "H4P"—is a valuable option that’s often overlooked. If you’re 62 or older, this HUD-insured program allows you to buy a new home without the burden of traditional mortgage payments. It offers the flexibility to move into a home that better meets your needs in retirement... Read Full Article

Purchase 2-4 Units with a Reverse Mortgage for Lifetime Cashflow

July 12, 2024     14 comments

Exploring Reverse Mortgages for Purchasing Multifamily Units If you’re retired and thinking about downsizing, moving closer to loved ones, or finding a more suitable living arrangement, the reverse mortgage purchase program might be a great option for you. This government-insured reverse mortgage is available to individuals aged 62 or older and allows you to use the equity in your current home to buy a new property, which can include up to four units in a single transaction. Unlike traditional mortgages, where your loan balance decreases as you make payments,... Read Full Article

Reverse Mortgage Income Requirements in 2025

July 1, 2024     46 comments

Understanding Reverse Mortgage Income Requirements Welcome to our guide on reverse mortgage income requirements!  This article will explain the financial assessment underwriting guidelines, particularly the minimum residual income requirements set by HUD. These requirements play a crucial role in the lender’s application process, ensuring that you, as a borrower, can comfortably manage ongoing property-related expenses such as property taxes, homeowner’s insurance, and maintenance costs after securing a reverse mortgage. We will provide clear, easy-to-follow tables that detail the minimum residual income needed based on your family size and the region... Read Full Article