U.S. Government Guarantee
Federally-Insured Reverse Mortgages
Home Equity Conversion Mortgages (HECM) are insured by the U.S. Government through HUD/FHA. Most reverse mortgages originated today are HECM loans. Federally-insured reverse mortgages are non-recourse loans. This means the total amount owed when the loan becomes due can never exceed the value of the property. The borrower and the borrower’s heirs are protected in situations where the loan amount is greater than the property value when the loan is due to be repaid. This protection is guaranteed by the Federal Housing Administration (FHA).
Servicing Guaranteed by the U.S. Government. If the company that services your loan ever goes out of business, specific HUD/FHA guarantees ensure that you will have continued access to your loan funds.
It’s easier to assess whether a reverse mortgage is right for you when you know your interests are protected. Call 1-888-235-6414 today for a no-obligation consultation with an Equity Home Loan Solutions (EHLS) reverse mortgage specialist who can speak to your particular questions or concerns.
