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Delivering the solution you're right at home with.
Many reverse mortgage lenders offer only one type of mortgage program. At Your Home For Lifesm, we offer a range of programs and options that can be customized to meet the needs of our customers. Our knowledgeable advisors will take the time to understand your goals and help develop a solution that works for you.
The most popular reverse mortgage is the FHA Home Equity Conversion Mortgage or HECM. With this government-insured program, the Federal Housing Administration (FHA) determines how much equity you may access based on your age, your home value, and the current interest rates and programs.
Most of the reverse mortgages that are originated today are FHA insured HECMs, which offer unique benefits, including:
- FHA insurance. Non-recourse, and guaranteed uninterrupted access.
- No income, credit, or health qualification.
- The flexibility to choose how you want funds disbursed.
- Tax-free loan proceeds.
- Independent counseling by a HUD approved third-party.
- National loan limits of $417,000.
- The ability to finance closing costs.
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