HECM Reverse Mortgage Loan Limits to change to $822,375 in 2021
This is great news for older homeowners with higher value homes. The new maximum claim amount of $822,375 is an increase from $765,600 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 call Maggie at 775-770-0870