A reverse mortgage loan generally becomes due and payable when an event triggers loan maturation, such as when the last borrower (or eligible non-borrowing spouse) sells the home, no longer occupies the property as his/her primary residence, or passes away. In the case of the last borrower’s passing, the surviving heirs are given six months to repay the loan or agree to the sale of the home. It may also enter due and payable status if the borrower defaults on his or her taxes, insurance payments, or any other financial obligation that might create a lien on the property, as well as failing to maintain the property to FHA standards.