Safeguards and Protections

Reverse Mortgage loans are designed by the U.S. Department of Housing and Urban Development (HUD), Fannie Mae and other private institutions. Most of the Reverse Mortgage loans made today are insured by the Federal Housing Administration (FHA); a government supported mortgage insurance program.

All borrowers must obtain counseling prior to applying for a Reverse Mortgage. Counseling is only available from approved, independent, third-party sources and the counseling is designed to highlight and discuss:
 

• Financial implications of obtaining a Reverse Mortgage.
• Other options that may exist including housing, social service, health and financial programs.
• Other home equity conversion options that may exist.
• Role and relationship between the homeowner and the lender, financial advisors, estate planning services, etc.

LINKS

Advantage Mortgage is proud to be associated with a number of nationally recognized associations and organizations.

AARP - AARP is a non-profit membership organization of persons 50 and older dedicated to addressing their needs and interests. AARP is dedicated to enhancing quality of life for all as we age.

www.aarp.org

HUD - U.S. Government of Housing and Urban Development. HUD's mission is to increase homeownership, support community development and increase access to affordable housing free from discrimination.

www.hud.gov

NRMLA - Advantage Mortgage is a proud member of the National Reverse Mortgage Lenders Association (NRMLA) and proudly abides by its code of ethics and standards.

www.reversemortgage.org