Reverse Mortgage Without Fha Approval

“My biggest concern is the counseler issue,” says Beth Paterson, executive vice president of Reverse Mortgages SIDAC. “It’s a disadvantage to us because we no longer have to go though the FHA.

The requirements to become an eligible HECM (Home Equity Conversion Mortgage. and maintenance expenses, no other federal debt, competency, and the receipt of a counseling certificate from an.