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How can I find the loan limit for an FHA loan in my county?

None You can check the loan limit for FHA mortgage loans in your county on the Department of Housing and Urban Development (HUD) website. If you’re interested in getting a Federal Housing Administration (FHA) loan, knowing the maximum loan amount ...

I applied for a loan modification or other options to avoid foreclosure, but was denied help. My lender said I didn’t meet the qualifications for help. Can I appeal?

It depends. You can only appeal when you’re denied for a loan modification program. You can ask for a review of a denied loan modification if: You sent in a complete mortgage assistance application at least 90 days before your ...

I got a letter from my mortgage servicer about my application for help to prevent foreclosure of my mortgage. Can you help me understand some of the terms?

When you apply for help in avoiding foreclosure you are likely to come across words and technical terms that may be unfamiliar to you. This is another reason why it’s a good idea to get professional help from a HUD-Approved ...

What do I do if my house was damaged, destroyed, or I’m unable to make my payment after a disaster?

After a disaster you still have to pay your mortgage. Start by contacting your insurance company and mortgage servicer and if necessary, seek help. None First steps if your home has been damaged or destroyed in a disaster There are ...

Should I use a reverse mortgage to consolidate my debts?

Using a reverse mortgage loan to consolidate debt can be risky. If you fail to fulfill the obligations of the loan, you put your home at risk of foreclosure. Reverse mortgage loans are sometimes marketed as a way to use ...

Can my partner, family, or dependents live in my home if I have a reverse mortgage?

As long as you still live in the home, having a reverse mortgage does not change who can live with you. Most reverse mortgages today are Home Equity Conversion Mortgages (HECMs). The Federal Housing Administration (FHA), a part of the ...

Can anyone take out a reverse mortgage loan?

No. Home Equity Conversion Mortgages (HECMs), the most common type of reverse mortgage loan, are a special type of home loan available to homeowners who are 62 and older. Aside from age, other reverse mortgage requirements include: Your home must ...

What is a reverse mortgage?

A Home Equity Conversion Mortgage (HECM), the most common type of reverse mortgage, is a special type of home loan only for homeowners who are 62 and older. A reverse mortgage loan, like a traditional mortgage, allows homeowners to borrow ...