Question 1

What is the minimum age for a reverse mortgage?

Accepted Answer

62. For a HUD-insured Home Equity Conversion Mortgage (HECM) the youngest borrower must be at least 62; a younger spouse can be listed as an eligible non-borrowing spouse.

Question 2

What is the 2026 HECM lending limit?

Accepted Answer

$1,249,125 maximum claim amount in 2026, per HUD (150% of the FHFA baseline conforming limit).

Question 3

Do you make payments on a reverse mortgage?

Accepted Answer

No monthly principal and interest payments are required, but you must keep paying property taxes, homeowners insurance and upkeep and live in the home as your main residence.

Question 4

Do I need counseling for a reverse mortgage?

Accepted Answer

Yes. HUD requires a session with a HUD-approved HECM counselor before you apply.

Reverse Mortgage Age Requirement: You Must Be 62 (HUD HECM Rules 2026)

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