2021 HECM Limits Make Big Jump
December 8, 2020
2021 HECM Loan Limits Make Big Jump
The
FHA has announced that effective January 1, 2021, the lending limit for
federally-backed reverse mortgages has been increased from $765,600 to $822,375
in all US counties. Now your senior borrowers can access more of their home’s
equity, regardless of whether they live in a high or low-cost area!
Plaza Home Mortgage® will align with FHA’s effective dates and
accept the new loan limits for case numbers assigned on or after January 1,
2021.
And with Plaza’s dedicated reverse mortgage division, you can have confidence
in knowing that we’ll be there to help you every step of the way.
Contact your Plaza Account Executive to learn more about the new reverse
lending limits.
