All of our reverse mortgages are non-recourse. This means that even if the loan balance exceeds the value of the home at the time the balance is due, you or your heirs will not owe more than the value of the home. This is why FHA collects mortgage insurance premiums.
“FHA guarantees that neither the borrower nor their heirs will owe more than the home is worth at the time it is sold” -FHA Guidelines
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