To qualify for a federally insured HECM reverse mortgage, homeowners must be at least 62, live in the home as their primary residence, have sufficient equity, and maintain taxes, insurance, and upkeep. The home must meet FHA property standards.

For 2025, the maximum loan limit for HECM programs has increased to $1,209,750, giving higher-valued homeowners more access to equity (Reverse.Mortgage, 2024). Other factors such as age, home value, and interest rates also affect eligibility.

Secure Lending Inc. can perform a complimentary review of your home equity, age, property type, and long-term goals to determine if you meet the requirements and how best to proceed.

References: Reverse.Mortgage. (2024, November 27). 2025 HECM reverse mortgage limits surge to $1,209,750. Retrieved from https://reverse.mortgage/limits