A reverse mortgage is a special type of home loan that lets you convert a portion of the equity in your home into cash. The equity that you built up over years of making mortgage payments can be paid to you. However, unlike a traditional home equity loan or second mortgage, HECM borrowers do not have to repay the HECM loan until the borrowers no longer use the home as their principal residence or fail to meet the obligations of the mortgage.
FHA-Approved Reverse Mortgage Lenders
FHA-Approved Reverse Mortgage Lenders
The link below takes you to the FHA-approved lender search for all FHA lenders. To find reverse mortgage lenders only, you must:
