HUD Reverse Mortgage

Reverse mortgage programs from HUD

Seniors over age 62 have reverse mortgage option insured through HUD. This mortgage allows you to borrow cash from home without having to pay loan back in monthly installments. Lender will recover profits from reverse mortgage when either a refinance is completed or home is sold.


The benefits to a HUD insured reverse mortgage is that in the event that the home is sold for less than the mortgage balance. HUD will insure the loan and reimburse mortgage lender for any losses. This is good because surviving children or the estate in general will not be penalized for a short sale of the property.


Cash borrowed through a HUD mortgage can be taken as a lump sum or disbursed over a period of time for use as income. You may also elect to receive a open credit line for use anytime you see fit. The loan size limits are determined by the Federal Housing Administration and adhere to what ever the state guidelines are for that area. For more information on reverse mortgage or HUD requirements, see link below.

Information on reverse loans