HECM Eligibility Estimator

Checks the core HUD requirements for a Home Equity Conversion Mortgage and gives a rough proceeds estimate. Not a lender quote — HUD-approved counseling and an official lender calculation are required before any HECM closes.

Age (youngest borrower)70

Home value (est.)

Existing mortgage balance

Property type

Is this your primary residence?

Can you comfortably keep up with property taxes, insurance, and upkeep?Lenders run a financial assessment on this.

U.S. citizen or eligible permanent resident?

Any delinquent federal debt (e.g. defaulted student loans, unpaid federal taxes)?

Willing to complete required HUD-approved reverse mortgage counseling?

LOOKS ELIGIBLE

You meet the core HUD criteria based on what you entered. Counseling and a lender's financial assessment are still required before closing.

ROUGH PROCEEDS ESTIMATE

Maximum claim amount used: $400,000
Estimated principal limit factor: 40%
Estimated principal limit: $160,000
Less existing mortgage payoff: − $50,000
Est. available proceeds: $110,000

Uses the 2026 FHA HECM maximum claim amount of $1,249,125 and a simplified age-based factor curve. Actual principal limit factors depend on HUD's official tables and current expected interest rates, and can differ meaningfully from this estimate. This estimate also excludes closing costs, mortgage insurance premiums, set-asides, and other charges. Ask a HUD-approved counselor or HECM lender for an exact number.