HECM / Reverse Mortgage Counseling

HUD-approved counseling services helping seniors understand reverse mortgage options, eligibility, financial responsibilities, and available resources.

What is HECM?

A Home Equity Conversion Mortgage (HECM), also known as a reverse mortgage, allows eligible homeowners age 62 and older to convert part of their home equity into cash while continuing to live in their home. HECM counseling helps borrowers fully understand the loan process, financial obligations, and available alternatives before making a decision.

Stay In Your Home

Continue living in your home while accessing available home equity.

Understand Your Options

Receive guidance on reverse mortgage requirements, costs, and responsibilities.

HUD-Approved Counseling

Professional counseling services designed to help seniors make informed decisions.

Who Qualifies for HECM?

To qualify for a HECM reverse mortgage, borrowers must meet HUD eligibility requirements, including age, homeownership status, and property qualifications. Counseling is required before loan approval.

Age Requirement

Borrowers must generally be 62 years of age or older.

Primary Residence

The home must be the borrower’s primary residence.

Financial Assessment

Applicants must demonstrate the ability to maintain property taxes, insurance, and home maintenance obligations.

HECM Counseling Fees

HUD-approved HECM counseling services in Texas typically range from $125 to $200, with most counseling sessions commonly priced between $125 and $150. Counseling is required before a HECM reverse mortgage application can proceed.

Typical Fee Range

Most HECM counseling sessions in Texas range between $125 and $200.

Session Duration

Counseling sessions generally last about one hour and may be completed by phone or in person.

Financial Assistance

Reduced fees or fee waivers may be available for eligible clients based on financial hardship or grant funding availability.

Schedule Your HECM Counseling Session

Services of Hope provides HUD-approved HECM counseling services designed to help seniors make informed financial decisions. Complete the form below and our team will contact you to schedule your counseling session.

Frequently Asked Questions

  • A HECM is a federally insured reverse mortgage program that allows eligible homeowners age 62 and older to access a portion of their home equity.

  • Yes. HUD-approved counseling is required before a HECM loan application can proceed.

  • Yes. Borrowers can continue living in their home as long as they meet loan obligations and maintain the property as their primary residence.

  • Financial assessments are conducted to evaluate the borrower’s ability to maintain taxes, insurance, and property upkeep.

  • You can contact Services of Hope to schedule a HUD-approved HECM counseling session with a certified counselor.

  • Yes. Borrowers retain ownership of their home while living in the property as their primary residence and meeting loan obligations such as property taxes, insurance, and maintenance.