Do all reverse mortgage lenders offer the same types of loans?

No. Most reverse mortgages today are insured by the Federal Housing Administration (FHA) through its Home Equity Conversion Mortgage (HECM) program. There are several options available with the HECM program, but not all lenders always offer all of the options.

In addition to HECM mortgages, some lenders may offer proprietary (non-FHA insured) reverse mortgages, which are typically designed for borrowers with higher home values.

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