Current Application Cycle:
Opened on: February 8 at Noon..
Apply by: February 14 at Noon.
The Reverse Mortgage Benefit is for homeowners with a Home Equity Conversion Mortgage (HECM) that is behind due to charges¬ (including taxes, insurance and homeowner association fees) advanced by their lender. To fully reinstate the account, this program can provide a maximum benefit up to $40,000, paid directly to the reverse mortgage servicer.
Use the links below to guide you through the application process.
NOTE: The benefit is provided in the form of a no-interest, five-year forgivable loan for which a lien will be recorded against the property.