2016 Reverse Mortgage Update and Considerations
FHA Home Value Limits - Effective 1/1/2016.
Late last year, HUD extended the expiration date of the FHA limit to 12/31/2016. (In February, 2009, the FHA limit - the amount of the home value considered in the benefit calculation - was increased from $417,000 to $625,500.) It was due to expire at the end of 2009. It has been extended one year at a time each year since then. The industry is expecting this limit to be reduced and not extended again at some time in the future.