Reverse Mortgage Maximum Loan Amount for 2022
from Reverse Mortgage Info Hosted by Shawn Vaillancourt
Check out the following for more reverse mortgage info and California, Idaho, and Colorado's best reverse mortgage broker. In this podcast episode we talk about: 1. HECM Max Claim Amount and what it is. 2. ACTUAL maximum loan amounts for the FHA reverse mortgage. 3. Max loan amount at age 62 = $508,602. Max Reverse Mortgage Loan amount at age 70 = $559,083. Max loan amount at age 80 = $623,156. and the max loan amount at age 92+ is $ 728,000. All these numbers are assuming your home is worth the 2022 HECM Max Claim Amount of $970,800 or more. 4. For those that owe more than these numbers, there may be another jumbo option available. You can borrow up to $4,000,000 and even as high as $6,000,000 on an exception basis. We also offer alot of other type of loans. After all, we are California, Colorado, & Idaho's Best Mortgage Broker!
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