HECM Reverse Mortgage Loan Limits to change to $765,600 in 2020
This is great news for older homeowners with higher value homes. The new maximum claim amount of $765,600 is an increase from $726,525 this past year. The maximum claim amount is the highest home value we can use to calculate HECM proceeds. Proceeds for the loan are based on age of youngest borrower and expected interest rate.
To determine the amount available to you click here or call Maggie at 775-770-0870