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About us

We're the Consumer Financial Protection Bureau (CFPB), a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly.

Learn how the CFPB can help you

I was told I had to buy an annuity or an investment product to get a HECM reverse mortgage. Is this true?


No. No one can require you to buy a financial product to qualify for a HECM reverse mortgage. 

If a lender or broker tells you that you have to buy something (such as an annuity) to get a HECM reverse mortgage, this is probably a scam.

If you have a problem, submit a complaint online with the CFPB or call (855) 411-CFPB (2372).

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