Financial Help for Delinquent HECM Borrowers

The Federal Housing Administration and reverse mortgage servicers have done a remarkable job helping HECM borrowers who have fallen behind on paying property taxes, homeowners insurance or condo fees bring their loans current. In addition to FHA’s loss mitigation tools, an increasing number of states have allocated federal “hardest hit funds” to help reverse mortgage borrowers stay in their homes.

Information about four state programs can be found on the following websites: