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, …

Jul 13, 2025 · What Is a HECM (Home Equity Conversion Mortgage)? A HECM is the FHA-insured reverse mortgage for homeowners age 62 or older that allows you to access part of your home …

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 …

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 …

Aug 28, 2023 · A Home Equity Conversion Mortgage (HECM), the most common type of reverse mortgage, is a special type of home loan only for homeowners who are 62 and older.