what is the maximum loan to value for a reverse mortgage
The FHA, unlike other reverse-mortgage lenders, has a legal limit on how big an amount you can borrow against. The maximum home value that can be used for calculating the size of the HECM is $625,000, even if the home appraises for more, HUD states. According to the Mortgage Loan Place, you can borrow a maximum of 80 percent of the home's value, provided you're old enough to qualify for that much.