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Apply For A Reverse Mortgage in Bend OR
Not Every Person in Bend Oregon May Apply for a Reverse Mortgage There are specific specifications you will need to satisfy in order to be eligible for a reverse mortgage. The most popular type of a reverse mortgage is called a Home Equity Conversion Mortgage (HECM). The Federal Housing Administration (FHA), a component of the Department of Housing and Urban Development (HUD), insures HECMs. Note: This site contains the specifics of HECMs, which are the most common form of reverse mortgage loan. To qualify and apply for a reverse mortgage in Bend OR: • You need to be at a minimum Sixty two years of age. • Your house is…