The lending limit for federally-backed reverse mortgages has increased for the third consecutive year in a row and the 2019 limit is now $726,525.
The Department of Housing and Urban Development (HUD) announced on Friday via Mortgagee Letter 2018-12 a maximum claim amount of $765,600 for calendar year 2019, up from $726,525 in 2018. This change is very positive for homeowners with higher value homes.
Give me a call to find out how to benefit from this higher reverse mortgage limit. Rick May 707-321-3424 or in Portland Oregon and Vancouver Washington (503) 312-2675