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The federal loan limit for Home Equity Conversion Mortgages (HECMs) will rise above $1.1 million in 2024, the FHA announced on Tuesday.

RMI and New View Advisors offered perspectives on the increase in the HECM limit for 2025, which is rising to more than $1.2 million.

Reverse mortgage borrowers can receive funds in one of three ways — a lump sum, monthly payments or a line of credit — or a combination thereof. The amount a homeowner can borrow depends on their home ...

Home equity conversion mortgages, also called reverse mortgages, can be a boon for seniors who own their homes but whose income has dropped. With a HECM, the lender makes payments to the borrower ...

The Housing and Community Development Act of 1987 (P.L. 100-242, February 5, 1988) established and subsequent legislation has amended, a Federal mortgage insurance program, Section 255 of the ...

Earlier this week, the Federal Housing Administration (FHA) proposed a fresh set of guidelines for the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program. Highlighted in the Federal ...

GIG HARBOR, Wash., April 22, 2025 /PRNewswire/ -- HECM Tool, the leading reverse mortgage sales and conversion software, announced the integration of Smartfi Home Loans' Choice Fixed proprietary ...

Most, but not all, reverse mortgages today are federally insured through the Federal Housing Administration’s Home Equity Conversion Mortgage (HECM) Program and are available for homeowners ages ...

Home equity conversion mortgages, also called reverse mortgages, can be a boon for seniors who own their homes but whose income has dropped. With a HECM, the lender makes payments to the borrower ...