Credit Union Mortgage Association, Inc.
Credit Union Mortage Association, Inc.
Credit Union Mortgage Association, Inc.

Reverse Mortgages: Products

Reverse Mortgage Products

We offer a variety of reverse mortgage products to suit your needs, from arms to fixed-rate products.
Currently, our primary offering is the FHA/HUD InsuredHome Equity Conversion Mortgage (HECM).

  • The lending limit has been temporarily increased to $625,500 until December 31, 2009, due to the Federal stimulus package.  
  • After December 31, 2009, the limit will default back to the current national lending limit of $417,000.

Several payment options are available for reverse mortgages, including a monthly annuity, single lump sum, line of credit, or a combination of these options.

 

 

AARP.org

NRMLA

Direct Connect

USA.gov

Social Security Administration

Zillow.com

Senior Lending Network