Last reviewed 08-20-2026Short-Sale.com Editorialglossary

Home Equity Conversion Mortgage (HECM)

FHA Single Family Housing Policy Handbook Glossary November 26 2025

Updated 08-20-2026

Home Equity Conversion Mortgage (HECM)

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

Need help?

Ask more questions about Home Equity Conversion Mortgage (HECM) in Help. You'll get answers for your situation.