Fair Housing Mediation Housing Counseling Senior Services Locations Your Appointment
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Reverse Mortgage

 

Housing Counseling

Default/Foreclosure Counseling

Keep Your Home California Program

Reverse Mortgage Counseling

Unfair Lending Investigation

First-Time Homebuyer Class

Financial Education Class

Reverse Mortgage Counseling

 

Reverse Mortgage counseling provides information about  how to tap into the equity of your home. Use this extra money for everyday living expenses, health care costs, or just to make life a little more enjoyable.

To be eligible for a Reverse Mortgage, you must:

  • Be a homeowner 62 years of age or older

  • Own your home outright, or have a low mortgage balance that can be paid off at closing with proceeds from the Reverse Loan

  • Live in your home

  • Own a single family home or a 2-4 unit home with one unit occupied by the borrower.  HUD –approved condominiums and manufactured homes that meet FHA requirements are also eligible.

  • Receive consumer information free or at a very low cost from a qualified Reverse Mortgage consultant prior to obtaining the loan.

During each Reverse Mortgage counseling session, a counselor will explain areas of concern to the borrower and the basic elements of a reverse mortgage. Counseling sessions are held by appointment and can be scheduled by calling IFHMB at 1-800-321-0911 ext 173.

 

 


 Available Appointments

Tuesdays, Wednesday (1:00 pm – 5:00 pm)
Thursday (8:00 am – 12:00pm | 1:00 pm – 5:00 pm)
*In person appointments only*
$150.00 fee ( Pay credit card in advance via website – Cash or check accepted day of appointment)

Submitting Payment?

Click on the PayPal link below to submit your payment for the HECM (Reverse Mortgage) counseling. You may also bring cash or check the day of your appointment.





 Frequently Asked Questions

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