Galen Call Reverse Mortgage Specialist Monterey California

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Government Guarantee

Government Guarantee

FHA insured reverse mortgages or Home Equity Conversion Mortgages (HECM) come with a number of guarantees and protections that are part of the FHA  (Federal Housing Administration) insurance. The FHA insurance provides the following protection and peace of mind to the borrower and their children:

  • The borrowers will never owe more than the home’s fair market value.
  • If the loan balance ever grows higher than the value of the home, FHA pays the lender the difference when the last borrower dies or leaves the home.
  • Payments taken from the bank holding the reverse mortgage are guaranteed. If the bank ever goes into default, the payments are guaranteed to be made by FHA.
  • If the loan balance grows higher than the home’s value, the lender cannot take title. FHA insures that you can live in your home as long as the basic loan obligations are met;  payment of home owners insurance, property taxes, and normal home maintenance.
  • If there is a line of credit and funds are available,  property taxes, home owners insurance and other applicable property charges are current, the home owner occupies the property ( thus there are no defaults)  then the available funds are guaranteed even if the home value decreases or the econonomic environment is tightening.

GALEN CALL
Manager, Reverse Mortgage Division
American Pacific Mortgage Corporation
dba TreeHouse Mortgage Group
Call Today: 831-645-1164
Fax: 831-643-1161
Galen@TreeHouseMortgage.com
NMLS #226129 | DRE #00908338
APMC DRE #01215943 | APMC NMLS #1850

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Licensed by the Department of Corporations under the California Residential Mortgage Lending Act

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

Equal Housing Opp

Copyright © 2021 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 subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions may apply. Equal Housing Opportunity.

Our Location


288 Pearl Street
Monterey, CA 93940
Branch NMLS# 150751

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