FHA and HUD Reverse Mortgages in Texas
At TEXAS Reverse Mortgage Services, we get several visitors per month looking for and asking about FHA and HUD Reverse Mortgages. The Texas FHA Reverse Mortgage and the Texas HUD Reverse Mortgage are essentially the same thing. The product in question is the most common type of reverse mortgage, the HECM or Home Equity Conversion Mortgage. This loan product is most certainly available in Texas. The Texas Reverse mortgage is a regulated by the government, by the department of housing and urban development (hUd) to be specific. Reverse mortgages in texas are also insured by the FHA, making them safe for borrowers. These relationships cause people to see them as seperate products but there is no distinction. There are other reverse mortgages available, but the FHA/HUD reverse mortgage is by far the most common. Contact Us today to learn more about different Texas reverse mortgage products, or to schedule a free consultation.