what is hecm
Calculate Your Eligibility. HECM refers to a reverse mortgage insured by HUD and the FHA. All of the reverse mortgages issued in 2009 and 99% of all volume in 2008 were HECMs. The FHAâs HECM program contains special requirements like HUD counseling and a property value ceiling. The HECM property value ceiling is currently at $625K.