HUD FHA Reverse Mortgage for Seniors (HECM) - HUD.gov
The HECM is the FHA's reverse mortgage program that enables you to withdraw a portion of your home's equity to use for home maintenance, repairs, or general living expenses. HECM …
Home Equity Conversion Mortgage (HECM): Definition, Eligibility
Jun 15, 2025 · A home equity conversion mortgage (HECM) is a type of reverse mortgage that allows seniors 62 and older to convert the equity in their homes into cash for expenses, …
Everything You Need to Know About HECM Loans - U.S. News
Aug 12, 2024 · A home purchase HECM gives homeowners a chance to buy a new primary residence without taking out a traditional mortgage.
What Is a HECM? 2025 Home Equity Conversion Mortgage Guide
Jul 13, 2025 · A Home Equity Conversion Mortgage (HECM) is the FHA-insured reverse mortgage program for homeowners age 62 and older. It lets you convert part of your home …
Future of the HECM and HMBS Programs and Opportunities for …
Oct 2, 2025 · SUMMARY: The Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA) and the Government National Mortgage Association …
Reverse Mortgage vs. HECM: What’s the Difference?
Reverse mortgages — specifically, home equity conversion mortgages (HECMs) — have become more appealing than ever for the 62 and older crowd. Individuals in this demographic tend to …
What is a HECM Reverse Mortgage? - financeofamerica.com
Mar 10, 2025 · The terms home equity conversion mortgage (HECM) and reverse mortgage are often used interchangeably, and in many ways, they are the same. In fact, all HECMs are …
Home Equity Conversion Mortgage Program Analysis - HUD User
Nov 2, 2023 · This report analyzes the Home Equity Conversion Mortgage (HECM) program. Established in the late 1980s, the program provides senior homeowners aged 62 and older …
Home Equity Conversion Mortgage (HECM) - Fairway Reverse …
Specifically designed for homeowners aged 62+, a reverse mortgage is a home loan that allows borrowers to convert a portion of the equity they have in their home into cash. Home Equity …
Home Equity Conversion Mortgage (HECM) | Rocket Mortgage
An HECM is an FHA-backed reverse mortgage that allows you to access your home equity without a monthly mortgage payment. The loan comes due once you die, move out, or sell the …