That meant that the only way to obtain a HECM on a condominium was to get FHA. approvals can be viewed in an updated version of FHA’s Single Family Handbook, found here. Jessica Guerin is an editor.
Can You Get Out of a Reverse Mortgage? A Reverse Mortgage can have tremendous benefits for the right homeowners; however, we understand it may not be the best option for everyone. If you’re considering getting a Reverse Mortgage and you want to know what to do if you change your mind, read on.