HighTechLending, Inc. NMLS # 7147

BREAKING NEWS: FHA pays out more money on reverse mortgages starting 1/1/2018

Since the Reverse Mortgage (RM) program inception in the 1980’s there has been a cap on the value a RM will use to qualify a borrower on the program.  This year the cap is $636,150; meaning, if a home appraises for $1,000,000 the program only uses the max claim value…