The Federal Housing Administration (FHA) has officially raised the national lending limit for Home Equity Conversion Mortgages (HECMs) for 2026. The new maximum claim amount is $1,249,125, up from the 2025 cap of $1,209,750. This increase applies to all case numbers assigned on or after January 1, 2026, and reflects continued strength in home values …
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If you have a reverse mortgage (a Home Equity Conversion Mortgage or HECM) and a natural disaster hits, you might be wondering what happens next. Do you still have to pay property taxes? What if your home is damaged? What if you can’t live in it for a while? The good news is there are …
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For many seniors, a reverse mortgage can be a lifeline to financial stability in retirement. Despite its growing popularity, many people still have questions about what a reverse mortgage is, how it works, and whether it might be the right option for them. In this comprehensive guide, we’ll delve into the mechanics, benefits, and …
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2025 HECM Cap Raised: The Federal Housing Administration (FHA) has announced an increase in the maximum lending limit for Home Equity Conversion Mortgages (HECMs) for the 2025 calendar year. The new cap is set at $1,209,750, up from $1,149,825 in 2024. This adjustment will apply to case numbers assigned on or after January 1, 2025. …
2024 HECM Cap Raised: The Federal Housing Administration has recently declared an increase in the highest lending limit for Home Equity Conversion Mortgages for the 2024 calendar year. The new limit is set at $1,149,825, up from the previous $1,089,300. This change will be effective for case numbers assigned from January 1, 2024, onwards. Further …
Reverse mortgage loan limits have reached an all-time high. Every year, HUD reviews house price data from FHFA to determine the baseline conforming loan limit to reflect the changes to the national average home price. From three, they extrapolate the loan limits. HUD generally follows suit and this year was not an exception. The result …
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