HECM reverse mortgages
A HECM is an FHA-insured reverse mortgage that lets eligible older homeowners use part of their home equity. It may suit someone planning to remain at home who can meet continuing property obligations. Independent counseling helps you understand the commitment and alternatives.
Schedule a Call ↗Good fit if…
- You’re an eligible older homeowner exploring home-equity options.
- You plan to remain in your home.
- You can meet continuing property expenses and upkeep.
- You want to compare alternatives before deciding.
- You’re prepared to complete required independent counseling.
Things that can affect approval
- Program eligibility and household circumstances.
- Home equity, existing liens and property condition.
- Your ability to meet continuing property obligations.
- Principal-residence occupancy and counseling.
- The selected lender’s requirements.
Requirements depend on the whole picture. A quick conversation can help identify what needs a closer look before you rule yourself out.
Why use a broker for this loan?
Available wholesale lenders can differ in the products and property situations they handle. Blaze helps compare suitable options and explain the lender’s proposal alongside alternatives. A broker does not replace independent counseling or guarantee approval; continuing property obligations still matter.
Frequently asked questions
Who may be eligible for a HECM?
Eligible older homeowners must meet HUD and lender requirements, including household, financial, occupancy and property rules. Talk with us about your full situation.
Do I still pay taxes and insurance?
Yes. Continuing property obligations remain. Failing to meet required obligations can cause the loan to become due.
Is counseling required?
Yes. Independent HECM counseling helps you understand costs, obligations, alternatives and the implications for your household before deciding.
Will everyone living with me be protected?
Do not assume that. Eligible non-borrowing-spouse protections have conditions. Review your actual circumstances with the counselor and appropriate advisers.
Reviewed by Bo Grant, Owner/Broker, NMLS 1565547 · Reviewed October 8, 2026
Sources and program guidance
HUD HECM eligibility ↗ · HUD HECM overview ↗ · CFPB repayment events ↗