Reverse Mortgages (HECM) in Arkansas
What an HECM is
The Home Equity Conversion Mortgage is the FHA-insured version of a reverse mortgage — a loan that lets homeowners 62 and older convert home equity into cash, a monthly payment, or a line of credit, with no monthly mortgage payments required while the homeowner lives in the home.
Who it’s for
Homeowners 62+ with substantial equity who want to supplement retirement income, pay off an existing mortgage, or preserve cash reserves.
HUD-mandated counseling
HUD requires every HECM applicant to complete independent counseling with a HUD-approved counselor before the loan application advances.
EQUAL HOUSINGOPPORTUNITY
PRMI NMLS 3094. PRMI is an Equal Housing Lender. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. Programs, rates, terms and conditions are subject to change and are subject to borrower(s) qualification. This is not a commitment to lend. The content in this website has not been approved, reviewed, sponsored or endorsed by any department or government agency.