Reverse Mortgage Counseling Your Path to Retaining Homeownership Begins Here! Are you 62 years of age or older? If so, you may be eligible for a Reverse Mortgage, a valuable retirement loan that turns the equity you have built up in your home into tax-free cash flow.
Cambridge is a 501(c)(3) non-profit agency with an A+ Better Business Bureau rating, and we’re proud to be the top-rated credit counseling agency by ConsumerAffairs.com. Cambridge is also a HUD-approved housing counseling agency, and we provide both bankruptcy and reverse mortgage counseling services.
In order to be eligible to apply for a reverse mortgage, one of the requirements to fulfill is to attend a counseling session with a counseling agency that is approved by the U.S. Department of Housing and Urban Development (HUD).
HUD has approved certain counseling agencies to provide reverse mortgage counseling, so it’s important to choose a certified counselor. HUD’s website has a list of approved counselors. certified counselors have passed the National HECM Counselor Exam and have successfully completed at least one training course related to HECM counseling.
Counseling Agencies Welcome to FHA’s search for Counseling Agencies by location or name. You can search to find Counseling Agencies in various parts of the country. For example, if your search is for a list of all active Counseling Agencies in Washington, D.C., the important fields to fill would be the state and city fields.
Want advice on buying a home, renting, default, foreclosure avoidance, credit issues or reverse mortgages? hud sponsors housing counseling agencies throughout the country to provide free or low cost advice. search online for a housing counseling agency near you, or call HUD’s interactive voice system at: (800) 569-4287.
The U.S. Department of Housing and Urban Development (HUD) issued a new Mortgagee Letter (ML) late Thursday updating the.
implemented by HUD as it learned from experience have included: * Enhancing counseling to include financial assessment and Benefits Checkup; * Requiring "set-asides" of reverse mortgage proceeds.
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In order to qualify for a reverse mortgage you must be at least 62 years of age. The federal government also requires that you participate in a reverse mortgage counseling session with an approved non-profit agency. GreenPath is certified and our reverse mortgage counseling can be completed over the phone or in person.