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

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

Manage My Site

NMLS Consumer Access

Disclosures & Licensing

Legal Disclaimer

We hereby authorize you to view and print information on this website subject to it being used for informational and non-commercial purposes.

The information contained in this website is believed to be reliable, but we do not warrant its completeness, timeliness or accuracy. The information on this website is not intended as an offer or solicitation for any mortgage product or any financial instrument. The information and materials contained in this website - and the terms and conditions of the access to and use of such information and materials - are subject to change without notice. Products and services described may differ among geographic locations, offices and as a result of individual conditions. Not all products and services are offered at all locations. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

It is our intention that data provided on a subject is of a general nature. Our website does not represent an exhaustive treatment of subjects nor is the information intended to constitute accounting, tax, legal, consulting or other professional advice.

Prior to making any decision or taking any action we kindly request you to contact your tax or legal advisors.

Please use this document and information at your own risk. The content of this site is copyrighted and therefore any unauthorized use of any materials on this website may violate copyright, trademark, and other laws.

Materials on this website may not be modified, reproduced, or publicly displayed, distributed or performed for any public or commercial purposes prior to our approval.

Reverse Mortgage Lenders | Reverse Mortgage Companies | Reverse Mortgage Loan

Loan Calculator
Blog
Contact Us
(805) 304-3574

What does "Maximum Claim Amount Mean"?

CSA Equal Housing Lender Equal Housing Opportunity

Reverse Mortgage Professional in Westlake Village, also serving Simi Valley, Woodland Hills, Ventura, Van Nuys, Thousand Oaks, Sherman Oaks, Canoga Park, Los Angeles, Camarillo, and the surrounding Southern California area.