HECM - Home Equity Conversion Mortgage
(HECM) Reverse Mortgages

A Home Equity Conversion Mortgage (HECM) is a federally insured reverse mortgage. The Federal Housing Administration (FHA) sets limits on how much a HECM reverse mortgage lender may lend you based on your age, your home’s value and location and what your total loan costs will be. HECM loans give you a wide choice in how you may receive the cash from the reverse mortgage.

For home values under $400,000, HECM products generally provide larger loan advantages than other reverse mortgages. An exception is Shoreline Lending’s Cash Advantage reverse mortgage which may offer cash advance opportunities significantly higher than other reverse mortgage products.

For more information, see our faq section on the HECM here.