What are the Qualifications for a Reverse Mortgage?
Channel: Iron Point Mortgage
Date: 2017-09-12

Today, let’s talk about the qualifications for Reverse Mortgage. The Reverse Mortgage through FHA is known as HECM, or the Home Equity Conversion Mortgage. The qualifying factors are set by the Housing and Urban Development governmental agency, otherwise referred to as HUD. This agency through the FHA HECM program requires that the borrower receive counseling and pay mortgage insurance. HUD’s oversight also safeguards against financial abuse against older adults.

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Iron Point Mortgage is a home loan lender in Folsom, CA offering FHA, VA, USDA, Conventional and Jumbo loans servicing the El Dorado County, Sacramento County and Placer County.

Kevin Fritz
MLO #220254
Iron Point Mortgage
916-985-3200
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