• Most popular (over 90%) of reverse loans
• Often provides the largest loan advances – higher LTV
• Insured: FHA mortgage insurance premium charged
• Maximum lending limits (203B) by county
• Usually has lowest interest rate (based on T-bill or LIBOR)
• Funds available as lump sum, monthly income, line of credit
• Available balance on line of credit grows annually

• Sponsored by Fannie Mae
• Offers a home purchase option
• National lending limit $417,000
• Usually makes less equity available – lower LTV
• Interest rate based on variable CD rate adjusted monthly
• Funds available as lump sum, monthly income, line of credit
• Unused line of credit does not grow in value

• Good choice for higher-valued homes
• Can be used for home purchases
• Some versions have very low closing costs
• Usually higher interest rates (often based on LIBOR)
• Useful for shorter-term borrowers
• Funds available methods vary by program

We will run the calculations for all programs to see which is most beneficial for you.