Galen Elise Call, CRMP. Certified Reverse Mortgage Professional Monterey California

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galencall January 7, 2022

Great option for retirement planning…

Happy New Year 2022!

One significant change effective January 1, 2022 is the maximum claim amount or lending limit in the United States for the FHA insured HECM, Home Equity Conversion Mortgage. That new number is $970,800 This is a significant increase over the prior year and benefits those home values which appreciated above the earlier limit of $822,375

The formula remains the same to determine how much you can borrow. The youngest borrowers age, the interest rate, the amount of equity available and the home value or lending limit, which ever is less, together determine how much you can borrow. If your home value is much higher then the HECM limit, let’s explore options with proprietary reverse mortgage loans.

Filed Under: Reverse Mortgage HECM Tagged With: HECM, reverse mortgage

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GALEN ELISE CALL, CRMP


Certified Reverse Mortgage Professional

Call Today: 831-645-1164
gcall@apmortgage.com

NMLS #226129 | DRE #00908338
APMC DRE #01215943 | APMC NMLS #1850

APM Reverse Mortgage Group

  • Reverse Mortgage Facts
  • Adult Children
  • One Step at a Time
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Licensed by the Department of Corporations under the California Residential Mortgage Lending Act

Licensed by the Department of Financial Protection and Innovation under the CRMLA

California zip codes served: 93940, 93901, 93905, 93908, 93921, 93933, 93943, 93950, 93953, 93955, and 93962

Not available in New York.

Copyright © 2025 American Pacific Mortgage Corporation. For informational purposes only. No guarantee of accuracy is expressed or implied. Programs shown may not include all options or pricing structures. Rates, terms, programs and underwriting policies are subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans are subject to underwriting approval. Some products may not be available in all states and restrictions may apply. Equal Housing Opportunity.

3000 Lava Ridge Ct. Suite 103
Roseville, GA 95661

Branch NMLS #150590

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