Wisconsin Reverse Mortgage Seminar
part 9What types of reverse mortgage programs are available?
The three types of reverse mortgage
programs available are:
- FHA Home Equity Conversion Mortgage or "HECM"
Maximum Lending Limit: $239,250.00
- Fannie Mae "Home Keeper" Mortgage
Maximum Lending Limit: $275,000.00
- Simply Zero: No closing cost reverse
mortgage.
Maximum Lending Limit: $1,000,000.00 +
This is the proprietary "jumbo" loan
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