BLAZE HOME LOANS
HECM reverse mortgages
A Home Equity Conversion Mortgage (HECM) is an FHA-insured reverse mortgage for eligible homeowners age 62 or older. It converts part of home equity into loan proceeds under program rules.
MLO review pending: Bo Grant, NMLS #1565547 · Last updated September 23, 2026
Who might consider this program?
An older homeowner exploring ways to use home equity may compare a HECM with selling, downsizing or other borrowing options.
Eligibility and documents
Applicants must meet age and program requirements, complete HUD-approved counseling and undergo financial assessment. Taxes, homeowners insurance and property charges remain the borrower’s responsibility.
Property considerations
The home generally must remain the borrower’s principal residence and meet property requirements. Occupancy and upkeep obligations continue.
Limits to understand
Interest and fees add to the loan balance over time, reducing remaining equity. The loan may become due after certain events, including a failure to meet occupancy or property-charge obligations. Blaze is not affiliated with HUD or FHA.
Common questions.
Do I still pay property taxes and insurance?
Yes. Those obligations continue and failure to meet them can affect the loan.
Is counseling required?
Yes. HECM applicants must complete counseling with a HUD-approved counselor.
Learn from the primary source
HUD HECM information ↗Government program information comes from the administering agency. Blaze is independent and is not affiliated with or endorsed by any government agency.