Home Equity Conversion Mortgages

To enable elderly homeowners to convert equity in their homes to monthly streams of income or, except for Texas, lines of credit.

Agency - Department of Housing and Urban Development

The Department of Housing and Urban Development's mission is to increase homeownership, support community development and increase access to affordable housing free from discrimination. HUD fulfills this mission through high ethical standards, management and accountability, and by forming partnerships with community organizations.

Office - Persons are encouraged to contact the Homeownership Center serving their State(see http://www.hud.gov/offices/hsg/sfh/hoc/hsghocs.cfm) or the nearest HUD Office.

See Catalog Address Appendix IV for a list of Offices.

Program Accomplishments