The HECM is the FHA's reverse mortgage program that enables you to withdraw a portion of your home's equity to use for home maintenance, repairs, or general living expenses. HECM borrowers …

Jun 15, 2025 · A home equity conversion mortgage (HECM) is a type of reverse mortgage that allows seniors 62 and older to convert the equity in their homes into cash for expenses, retirement income, …

Aug 12, 2024 · A home purchase HECM gives homeowners a chance to buy a new primary residence without taking out a traditional mortgage.

Jan 23, 2025 · What is a HECM? A home equity conversion mortgage, or HECM, is a reverse mortgage loan that’s insured by the Federal Housing Administration (FHA), which is part of the Department of …

An HECM is an FHA-backed reverse mortgage that allows you to access your home equity without a monthly mortgage payment. The loan comes due once you die, move out, or sell the home.

Jul 13, 2025 · A Home Equity Conversion Mortgage (HECM) is the FHA-insured reverse mortgage program for homeowners age 62 and older. It lets you convert part of your home equity into tax-free …

Unlock the financial potential of your home with a Home Equity Conversion Mortgage (HECM), commonly known as a reverse mortgage.

Nov 2, 2023 · This report analyzes the Home Equity Conversion Mortgage (HECM) program. Established in the late 1980s, the program provides senior homeowners aged 62 and older access to …

“HECM” stands for Home Equity Conversion Mortgage, a program insured by the Federal Housing Administration to help people age in place and gain financial flexibility.

Sep 5, 2025 · A home equity conversion mortgage, or HECM, is a type of reverse mortgage insured by the Federal Housing Administration (FHA) that allows homeowners over 62 to access their home's …