Hi Lisa,

The primary application form for a reverse mortgage is the Fannie Mae Form 1009, also known as the Residential Loan Application for Reverse Mortgages (RLARM).  This is the HUD-required application form specific to reverse mortgages.  Alongside that, lenders also collect Parts IV, V, and VI of the standard Uniform Residential Loan Application (Form 1003) to capture additional required information.

Beyond the application itself, here is what the full package typically includes:

Form HUD-92900-A is the HUD Addendum to the Uniform Residential Loan Application.  You and any non-borrowing spouse will need to sign this.  Part II of this form also authorizes HUD to verify Social Security numbers with the Social Security Administration.

The Certificate of HECM Counseling (Form HUD-92902) must be completed before the lender can begin processing your loan or order any third-party services.  Counseling is conducted independently by a HUD-approved agency and typically costs between $145 and $200.  Once you complete counseling and sign the certificate, your lender can move forward.

The HECM Program Description disclosure explains all features, payment options, costs, and obligations of the reverse mortgage program.  You sign this at the time of application.

Tax authorization forms allow the lender to obtain tax transcripts directly from the IRS where needed.

Most documents in the package cannot be more than 120 days old at the time of closing, so timing matters once you get started.

How our process works

Most of this can be completed entirely online.  Through our secure borrower portal, you can complete and e-sign your application documents, upload personal documents through an encrypted portal, review and sign disclosures, and track your loan status from application through closing.  Electronic signatures are accepted on all application documents under the ESIGN Act; the only items that require a live signature are the final closing documents, which are signed before a notary at closing.   The appraisal is also conducted in person at the property, as required.

Everything else - from application through underwriting - can be handled online without ever needing to visit a branch or mail documents.   If you want to get started, you can begin your application directly at https://reverse.mortgage/apply or give us a call, and we can walk you through it.

Reference: HUD Handbook 4000.1, Section II.B.2.a - Applications and Disclosures (PDF pages 542-544).