Benefits and Qualifications of H4P

Benefits of using H4P include:

  • The single closing feature allows you the benefit of time and money savings to get into your new home more promptly.
  • The H4P loan gives you the financing option to better afford the home you need for your life right now.
  • You will have more flexibility in money management, having no set repayment schedule.*
  • You will have the assurance of financial protection for yourself and your heirs. For details click here.
  • H4P is FHA-insured.

*You will need to pay property taxes, homeowners’ insurances and any homeowner’s dues promptly. Along with the typical household expenses and maintaining the condition of your new home.


Qualifications for eligibility include:

  • You must participate in a counseling session from an FHA-approved HECM counselor prior to application for the H4P loan.
  • You must reside in the home for more than 6 months (183 days) each year.
  • A financial assessment will be conducted as part of your approval process to determine if a Reverse Mortgage loan is a viable solution for your individual situation.


To learn more, contact a Reverse Mortgage Banking Representative today!



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