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)

We Were Nervous About Reverse Mortgages… We were nervous about reverse mortgages, not knowing what to expect. So glad we got to work with Larry McAnarney. He put to rest all our concerns and dealt with our numerous questions with patience and tons of knowledge. Would gladly recommend him.

Anna G — May 12, 2022

A True Pleasure to Work With Larry was very easy to work with, always took the time to explain any questions we had and was true pleasure to work with. .

Dave & Mary K — Nov 9, 2023

Larry Explained Everything Larry did a great job of explaining and guiding us through a reverse mortgage. Much more complicated than we had thought. You need a lot of help and Larry was there to provide it.

Alan & Donna C — Mar 23, 2020