Reverse Mortgage Resources

Free Reports

The American Association of Retired Persons (AARP) publishes a consumer guide book titled "Home Made Money: A Consumers Guide to Reverse Mortgages."

The National Reverse Mortgage Lenders Association (NRMLA) has several great Publications for seniors considering a Reverse Mortgage. They are:

• Guide To Aging In Place
• Answers To Common Questions About Reverse Mortgages
• Using Reverse Mortgages for Health Care: A NRMLA Guide for Consumers

The National Council on Aging (NCOA) publishes two consumer guides entitled "Use Your Home To Stay Home: A Guide for Homeowners Who Need Help Now." and, "Use Your Home To Stay Home: A Planning Guide for Older Consumers."

Fannie Mae (FNMA), Federal National Mortgage Association publishes a consumer guide book entitled "Money From Home - A Guide to Housing and Income Alternatives."

The Federal Trade Commission (FTC) has published, "Get The Facts Before Cashing In On Your Home's Equity."

Find A Reverse Mortgage Counselor

You can locate the HUD-approved counseling agency nearest to you by calling 1-800-569-4287.

You may also locate a HUD-approved counselor through the AARP Foundation's Reverse Mortgage Education Project, by calling 1-800-209-8085.

Additionally you can contact The National Foundation for Credit Counseling (NFCC) at 1-866-698-6322 or Money Management International (MMI) 1-877-908-2227
 

HECM Maximum Loan Limits

The FHA insured Home Equity Conversion Mortgage (HECM) has various maximum loan amounts that are determined by the County where your property is located. Congress is currently considering making the maximum loan amount uniform across the nation. Until that happens, you can access the maximum loan limit for your area by using this link and inputting the name of your county into the search box: HECM Loan Limits