Larry McAnarney
815-703-4745

Reverse Mortgage Programs

Information on Reverse Mortgage Programs

There are several reverse mortgage programs available in the United States today. This page discusses these reverse mortgage programs and provides brief information and rules for each. For additional details on reverse mortgage programs, or to request a free online quote, please Contact Us today.

HECM Reverse Mortgage Program

The HECM Reverse Mortgage or Home Equity Conversion Mortgage, is the most popular reverse mortgage program. Over 95% of reverse mortgages secured are HECMs.

HECM Highlights

FHA Insured
Lending limit based on county of residence
Rates are based on the 1-month LIBOR, plus margin
Counseling with a HUD/FHA counselor is required

Verified Reviews

(233)

One of the Best When I started this process, I had no idea what was involved. Without Larry’s guidance and expertise, I don't think the result would have been as successful. Of all the people I've dealt with over the years, Larry is one of the best. He is the consummate professional and 5 stars just aren't enough.

Lee M — Mar 7, 2022

Professional, Thorough, and Patient My husband and I found Larry McAnarney professional, thorough, and patient with our many questions. We found his detail unfailing and appreciated his rapid, meticulous responses and on-time arrivals in the most challenging weather

Daniel & Lisa W — Mar 1, 2019

Larry Was Always Available and Patient Larry was always available, patient, knowledgeable, no problem talking to my children and answering their questions, explained and provided me with enough information that made me feel secure in my decision to have him handle my reverse mortgage. .

Susan G — May 11, 2023