Larry McAnarney
815-703-4745

Reverse Mortgage Programs

Information on Reverse Mortgage Programs

There are several reverse mortgage programs available in the United States today. This page discusses these reverse mortgage programs and provides brief information and rules for each. For additional details on reverse mortgage programs, or to request a free online quote, please Contact Us today.

HECM Reverse Mortgage Program

The HECM Reverse Mortgage or Home Equity Conversion Mortgage, is the most popular reverse mortgage program. Over 95% of reverse mortgages secured are HECMs.

HECM Highlights

FHA Insured
Lending limit based on county of residence
Rates are based on the 1-month LIBOR, plus margin
Counseling with a HUD/FHA counselor is required

Verified Reviews

(233)

Extremely Knowledgeable 5 Stars! Larry is extremely knowledgeable about reverse mortgages. He shares his knowledge in an easy-to-understand way. The thing I appreciate the most is his patience. He answers my questions at any time and always takes the time to make sure I understand. I highly recommend Larry

Heidi M — Jun 24, 2024

Larry Explained Everything Larry did a great job of explaining and guiding us through a reverse mortgage. Much more complicated than we had thought. You need a lot of help and Larry was there to provide it.

Alan & Donna C — Mar 23, 2020

Very Happy With My Decision My experience with Larry was just wonderful. He was available for all my questions and had all the answers, I am very happy with both my decision to obtain a reverse mortgage and that Larry was the representative I chose to work with. If anyone would ask me about a reverse mortgage I would not hesitate to give them Larry's name.

Burton Y — Jul 24, 2017