Reverse Mortgage for Seniors

U.S. Department of Housing and Urban Development

600 East Broad Street, 3rd Floor
Richmond, VA 23230

(804) 771-2000

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Contact Information

Main
(804) 771-2000
Toll-Free
(800) 842-2610
TTY/TTD
(804) 771-2038
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Who We Are

Senior Reverse Mortgage Program.  To be eligible for a HUD reverse mortgage, HUD's Federal Housing Administration (FHA) requires that the borrower is a homeowner, 62 years of age or older; own your home outright, or have a low mortgage balance that can be paid off at the closing with proceeds from the reverse loan; and must live in the home. You are further required to receive consumer information from HUD-approved counseling sources prior to obtaining the loan. You can contact the Housing Counseling Clearinghouse on 1-800-569-4287 to obtain the name and telephone number of a HUD-approved counseling agency and a list of FHA approved lenders within your area.

For more information, go to HUD web page.
 

Who We Serve

Languages Spoken
English
Service Area(s)
Statewide

Cost & Payment Methods

Fee Structure
No Fee

Age Requirements
56-60
,
60+
Family
Yes
Other Eligibility Criteria
Age 62 and older; homeowner with equity

Available 24/7
No

Intake Process
Older homeowners may call for a referral to a local HUD-approved counseling agency that provides reverse mortgage counseling.
Self Refer
Yes
Provider Refer
Yes
Intake Contact
Mary Ann Wilson
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