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Reverse Mortgage

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Reverse Mortgage Loan Limit to Increase in 2017 

Dec 01, 2016By

After several years of stagnant reverse mortgage lending limits, the Federal Housing Administration will raise limits “slightly” in 2017, the agency announced Thursday via Mortgagee Letter 2016-19. For Home Equity Conversion Mortgages, the maximum claim amount will rise to $636,150, up from $625,500. The amount is 150 percent of the national conforming limit of $424,100, the […]