HUD-Approved Counseling: The Mandatory Step

HUD-approved counseling is required before applying. This is not optional — it is federal law.

Why Counseling Is Required

• Protects you from misunderstanding the product
• Ensures you understand repayment obligations
• Covers all costs, risks, and alternatives

What Is Covered

• How reverse mortgages work
• All available payout options
• Fees and closing costs
• Alternatives to consider
• How to spot predatory schemes

How to Find a Counselor

Use the HUD Counselor Search Tool or call 1-800-569-4287. Counseling is typically free or low-cost.

Compliance Notice: Borrowers must be 62 years of age or older. HUD-approved counseling is required. A reverse mortgage is not a government benefit. The loan becomes due and payable when the last surviving borrower no longer occupies the home as their primary residence or fails to meet the obligations of the mortgage.