Posted on March 12, 2009 by Greg Herman-Giddens

Reverse Mortgage Limit Increased to $625,000

The American Recovery and Reinvestment Act of 2009 increased the allowable amount of federally insured reverse mortgages to $625,000, up from $417,000.  The increase is effective for the remainder of the year.

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Comments (1) Read through and enter the discussion with the form at the end
Dene Barnett - April 17, 2009 2:36 PM

Is there a chance that the $650K will continue into next year?

RESPONSE: I'm not sure.

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