New reverse mortgage lending limit increased to $625,500
The mortgagee letter 2009-07 was released today setting the new nationwide lending limit for reverse mortgages (HECM) to 5,500. This was changed as a result of the American Recovery and Reinvestment Act of 2009 (ARRA) that was signed into law February 17th of this year.
For a time period between …
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- 2009 Reverse Mortgage & HECM Limits
- National Reverse Mortgage Counselor Network
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