Reverse Mortgage Blog - Lorraine Jones

Reverse Mortgage Blog

What does "Maximum Claim Amount Mean"?

October 1, 2019

FHA offers reverse loans to seniors and the federal agency uses a term called "Maximum Claim Amount" to determine how much money a senior can receive from a reverse mortgage. For more details, click on the following link. https://www.reverseloanconsultant.com/1651/reverse-loans-and-maximum-claim-amount/

Lorraine Jones

I have been sharing information on my personal blog for over 20 years about reverse loans and in the last 21 years since I have been a Reverse Loan Consultant, I have experienced multiple changes in the FHA HECM program and encountered various situations with my clients who applied for the loan. My personal blog has covered many topics seniors face as they age and I have shared their experiences and their reasons for utilizing the loan while providing up-to-date information about reverse mortgages and other areas of interest. Please visit my website for more details and informational pieces and do share my website with others. https://www.reverseloanconsultant.com/

I have been sharing information on my personal blog for over 20 years about reverse loans and in the last 21 years since I have been a Reverse Loan Consultant, I have experienced multiple changes in t...

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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). It is not intended to be a substitute for legal, tax or financial advice. Consult with a qualified attorney, accountant or financial advisor for additional legal or tax advice.

*There are some circumstances that will cause the loan to mature and the balance to become due and payable. The borrower(s) must continue to pay for property taxes and insurance and maintain the property to meet HUD standards or risk default. Credit is subject to age, minimum income guidelines, credit history, and property qualifications. Program rates, fees, terms and conditions are not available in all states and subject to change.

Lorraine Jones

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