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HECM Reverse Mortgage Principal Loan Limit Calculator

Use our reverse mortgage principal limit calculator now!

(personal information NOT required to use this tool – how refreshing)



NBS (Non-Borrowing Spouse) under 62 may qualify to remain on title as NBO (Non-Borrowing Owner) if borrowing spouse is at least 62 years of age. Principal Limit equals the amount of loan proceeds available from a HECM reverse mortgage before mandatory obligations like closing costs, mortgage payoffs and other liens are deducted. Disbursement of funds throughout first year of loan subject to HUD policies and restrictions. Expected Rate may not be equal to the actual loan interest rate, rather is used to calculate the Principal Limit loan amount in accordance with HUD policy. See footer for more information*.

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FHA Reverse Mortgage Program Highlights (HECM reverse mortgage):

  • Backed by HUD
  • Insured by Federal Housing Administration (FHA)
  • No repayment required as long the homeowner lives in the home
  • Remaining value goes to survivors
  • No income or minimum credit score qualifications required
  • Payments can be made in one lump sum, on a monthly basis for a specific amount of years, monthly income for life (Tenure Payment) left in a line of credit and grow in value, or a combination of any of these
  • Size of loan determined by borrower’s age, interest rate, and the value of the property
  • No limits on value of property. However, the entitlement amount will be capped by the FHA ceiling for designated area
  • A reverse mortgage is what we call a non-recourse loan. This means that with a reverse mortgage you are not personally liable. The liability is only to the extent of the value of your home at time of sale, death or vacating the premises as your permanent residence. Your heirs are not personally liable; they can either sell the home at time of your death or keep the home and pay off the remaining balance of the Reverse Mortgage.

Learn more about how people are using home equity conversion mortgages for purchasing homes:

Please keep in mind that the reverse mortgage industry in constantly changing and some of the information contained on this site may not be current. Please ask a licensed reverse mortgage professional for up-to-date guidelines. You can also learn about some of the misconceptions people have of reverse mortgages in our FAQ area.