Counseling

Reverse mortgage counseling is required as part of the application process. Independent HUD-approved counselors provide homeowners with unbiased information about reverse mortgage loans.

Counseling can be completed over the phone or face-to-face with a local agency. Upon completion of the counseling session, the counselor will mail a HECM Counseling Certificate to the homeowner for inclusion with the reverse mortgage application.

The cost for counseling is typically about $125, but the fee may be waived in some cases.

Reverse mortgage counselors

Counselors are available locally for face-to-face sessions. HUD provides a list of national agencies who offer both in person and telephone counseling. Some states may require fact-to-face counseling.

An informational website provided by Liberty Reverse Mortgage. All Rights Reserved. NMLS Consumer Access | NMLS ID # 2726
Licensed Mortgage Banker-NYS Department of Financial Services
This material is not provided by, nor was it approved by the Department of Housing & Urban Development (HUD) or by the Federal Housing Administration (FHA).