Not applicable in all states; Visit https://reverse.mortgage/map for details.
This material has not been reviewed, approved, or issued by HUD, FHA, or any government agency. The company is not affiliated with or acting on behalf of or at the direction of HUD/FHA or any other government agency. Not tax advice. Consult a tax professional.
“Low” and “No closing cost options” are available on proprietary “non-FHA” reverse mortgage programs. With a higher interest rate, borrowers can opt to receive a lender credit covering nearly all of their loan closing costs. “No closing cost options” are not available to borrowers that require state specific recording taxes such as Florida & New Jersey. There is a non-refundable independent counseling fee of approximately $125-150 on average, which the borrower pays directly to the counseling agency paid outside of the closing (POC). Terms and conditions apply.