What should I do if I have a reverse mortgage and I can’t pay my property taxes or insurance?

If you stop paying taxes and insurance, your reverse mortgage lender could file a foreclosure to take your home. It’s important to keep current with these payments if you can afford to do so. Learn more about what to do if you’re already behind on your tax or insurance payments.

If you are struggling to afford your taxes and insurance, there might be local programs or other options that can help you keep your home. A reverse mortgage foreclosure prevention counselor can help you make the best choice for your situation. This special type of counseling is free.


To find a counselor, call one of the following agencies and ask for HECM foreclosure prevention counseling:

  • National Council on the Aging: (800) 510-0301
  • CredAbility: (888) 395-2664
  • Money Management International: (866) 765-3328
  • National Foundation for Credit Counseling: (866) 363-2227
  • NeighborWorks America: (888) 990-4326

Ask CFPB provides general consumer information. It is not legal advice or regulatory guidance. The CFPB updates this information periodically.

Ask CFPB includes links or references to third-party resources or content. The CFPB does not endorse the third-party or guarantee the accuracy of this third-party information. There may be other resources that also serve your needs.

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