What is a “HECM” Reverse Mortgage Loan?

Unlock Your Home’s Equity and Open the Door to Possibilities in Retirement.

Specifically designed for homeowners aged 62+, a Reverse Mortgage is a home loan that allows borrowers to convert a portion of the equity they have in their home into cash. Home Equity Conversion Mortgages (or HECMs) are by far and away the most common type of Reverse Mortgage. HECMs are the only Reverse Mortgages insured by the Federal Housing Administration (FHA), and you can only get one through an FHA-approved lender like Fairway.