Reverse Mortgage Counseling:
HUD-Approved HECM Counseling Guide

HUD-Approved Reverse Mortgage Counseling

HUD requires ALL reverse mortgage applicants to complete a counseling session with an independent HUD-approved housing counselor. This protects seniors from predatory lending and ensures you understand the loan completely before signing.

What Counseling Covers

  • How reverse mortgages work
  • Costs and fees (origination, MIP, servicing)
  • Financial implications and alternatives
  • Impact on heirs and estate
  • Ongoing obligations (taxes, insurance, maintenance)
  • Repayment triggers and timeline

Key Facts

  • Cost: $125-250 typically (fee waivers available for low-income)
  • Duration: 60-90 minute session
  • Format: In-person, phone, or video
  • Certificate: Valid for 180 days
  • Spouse: Non-borrowing spouse should attend

Ready to Start the Reverse Mortgage Process?

Dream Financial Management guides you through every step — including connecting you with HUD-approved counselors. Since 1994.

Get Started — Free