Skip to main content

Protections for reverse mortgage borrowers

If it’s a struggle to meet your reverse mortgage loan responsibilities, you're not alone. Fortunately, there are options and resources available to you.

The responsibilities for Home Equity Conversion Mortgages (HECMs), the most common type of reverse mortgages, include:

  • Occupying your home as your primary residence
  • Paying property charges like your property taxes and homeowners’ insurance on time
  • Keeping your home in good condition

If you are unable to meet these loan obligations, your lender or loan servicer may notify you that your loan is “due and payable,” meaning it is in default. You could be subject to foreclosure and lose your home. The lender or loan servicer can also call a reverse mortgage loan due and payable when the reverse mortgage borrower dies.