Reverse Mortgage Options

• HUD/FHA - The Home Equity Conversion Mortgage (HECM) is a government insured program. The loan amount is based on the FHA lending limit of $417,000 (with exceptions in HI).

HECM monthly adjustable - The interest rate can adjust monthly.
HECM annual adjustable - The interest rate can adjust yearly.
HECM fixed rate - The interest rate is fixed.
HECM for Purchase - You can now purchase a home with a reverse mortgage and make NO monthly payments.
HECM Refinance - With the increase in the lending limit to $417,000, you may be eligible for more money by refinancing your existing reverse mortgage.

Griffin Financial Mortgage, LLC will provide a detailed comparison of programs available personally discuss your best options.

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