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Posts Tagged 'limits'

The 2019 Reverse Mortgage Limit is officially $726,525

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BREAKING: 2020 Reverse Mortgage Limits Officially $765,600 HUD released their announcement verifying the news we released on November 28, 2018 raising the Mortgage Lending Limits for HECM Loans. The numbers came in exactly where we expected and so the article, we posted on November 28, 2018 is now official. But remember, the new limits are only effective with Case...
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Higher Reverse Mortgage Limits Announced for 2018

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Breaking: HUD Increases 2020 Reverse Mortgage Limits to $765,600 Higher Reverse Mortgage Limits Coming January 1st 2018 Starting in 2018, lending limits for government-insured reverse mortgages will increase, allowing borrowers the opportunity to access more of their home equity than ever before. The vast majority of reverse mortgages are federally-insured Home Equity Conversion Mortgages (HECMs) that are backed by...
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HUD Lowers Limits, Raise Costs Under Trump/Carson

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In our recent article dated July 26, 2017, we indicated that a new administration in Washington marks a time of uncertainty and uneasiness as people try to guess what the new policies will be.  The announcements made by HUD today answered some of those questions with regard to the Home Equity Conversion Mortgage program. Lenders had been hearing bits and...
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