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Does VHFA offer “reverse equity mortgages?

April 26, 2017equity mortgages Offer reverse

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Does VHFA offer “reverse equity mortgages?

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No, VHFA does not offer this product. A “reverse equity mortgage” is a loan against your home that you don’t have to pay back for as long as you live in your home. The U.S. Department of Housing and Urban Development (HUD) maintains a database of certified counselors who can assist with your reverse equity mortgage questions. The American Association of Retired Persons (AARP) offers reverse equity mortgage information on its Web site. Learn more with “Reverse Mortgages: Are They for You?” (PDF) by the Office of the Comptroller of the Currency, at HUD’s reverse equity mortgage resource or AARP’s reverse equity mortgage resource.