reverse mortgage counseling nfcc-certified housing specialists provide seniors with one-on-one reverse mortgage counseling sessions, ensuring they have the information needed to make an informed decision about whether this type of mortgage will fit their needs.
In order to qualify for a reverse mortgage you must be at least 62 years of age. The federal government also requires that you participate in a reverse mortgage counseling session with an approved non-profit agency. GreenPath is certified and our reverse mortgage counseling can be completed over the phone or in person.
HUD provides support to a nationwide network of housing counseling agencies (hca) and counselors. HCAs are trained and approved by HUD to provide tools to current and prospective homeowners, renters so that they can make responsible choices to address their housing needs in light of their financial situations.
Benefits of Using a Housing Counselor. There is no charge to work with a HUD-approved counseling agency. A housing counselor can provide a range of services, including: Identifying mortgage assistance options that are suitable for your situation. Helping you create a budget that supports your mortgage and other expenses.
HUD Approved Housing Counseling Agencies. GO BACK. This listing is current as of 09/03/2019. Click here to narrow your search.. – Reverse Mortgage Counseling – Services for Homeless Counseling – English – Spanish: MONEY MANAGEMENT INTERNATIONAL INC.
Reverse Mortgage Counseling Fees – Reverse Mortgage Counseling Fees. In order to be approved for a reverse mortgage, homeowners must agree to participate in a special type of housing counseling that will help educate them on reverse mortgage loans, and prepare them for the application and approval process.
HUD certifies and approves reverse mortgage counselors around the country to provide homeowners with impartial education about reverse mortgage loans. reverse mortgage counseling is a mandatory requirement of the application process and is typically completed before an application for a reverse mortgage loan is taken.
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HUD Office of Housing Counseling The HUD Intermediaries Providing HECM Counseling Nationwide page has moved. Please visit the HUD Office of Housing Counseling webpage on the HUD Exchange to browse related guidance, resources, and training.
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You can look-up agencies in your area that are approved by HUD here.. to a HUD-approved counselor about how a reverse mortgage works.