This is a program for senior citizens, 62 years old or older, who own a one- to four-family home or a HUD-approved condominium.

With a reverse mortgage, you can turn the value of your home into cash without having to move or repay a loan each month. Reverse mortgages are increasing in popularity with seniors who have equity in their homes and want to supplement their income. The only reverse mortgage insured by the U.S. Federal Government is called a Home Equity Conversion Mortgage or HECM, and is only available through an FHA approved lender. Counseling by an approved agency such as NHS is required for all HECM loans.

If you are interested in obtaining a Reverse Mortgage, contact the NHS office nearest you and request Reverse Mortgage counseling.

To learn more about the FHA HECM program click here to visit the FHA website.