Home Equity Conversion Mortgage (HECM)
Last updated 2026-08-01
FHA Single Family Housing Policy Handbook Glossary November 26 2025
Updated 2026-08-01
A Home Equity Conversion Mortgage (HECM) refers to a non-recourse, reverse mortgage that allows a Borrower access to equity secured by the Principal Residence with no corresponding monthly mortgage payment. Home Equity Reverse Mortgage Information Technology (HERMIT) System (applicable to
FHA Single Family Housing Policy Handbook Glossary November 26 2025
p. 22
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