Borrower’S Advance (applicable to HECMs only)
Last updated 08-20-2026
FHA Single Family Housing Policy Handbook Glossary November 26 2025
Updated 08-20-2026
Borrower’S Advance (applicable to HECMs only)
Borrower’s Advance refers to the funds advanced to the Borrower at the closing of a fixed rate HECM.
FHA Single Family Housing Policy Handbook Glossary November 26 2025
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