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HECM News

February 7, 2022

On January 1, 2022, the Department of Housing and Urban Development (HUD) raised the maximum claim limit governing the Home Equity Conversion Mortgage (HECM) program amount to:

 

$970,800.

 

This increase may make refinancing an existing reverse mortgage attractive for those with higher home values and who want to access more cash or higher line of credit.

 

Contact me about a HECM Refinance TODAY!!  ??

Marina Watts profile picture
Marina Watts
This is the reverse mortgage blog of Marina Watts, a reverse mortgage specialist licensed in California and based in Santa Cruz, California. Marina Watts, NMLS # 1458297
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This is the reverse mortgage blog of Marina Watts, a reverse mortgage specialist licensed in California and based in Santa Cruz, California. Marina Watts, NMLS # 1458297
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