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Wisconsin Reverse Mortgage Seminar
part 9

What 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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