The Federal Housing Administration's HECM program is the only government-insured reverse mortgage program. The HECM program guarantees that the lender will meet its payment obligations to the homeowner, limits the borrower's loan origination costs, and insures full repayment of the loan balance to the lender up to the maximum claim amount. The loan amount is based on borrower age, home value, and current interest rates. The HECM data files provide loan-level records that will enable interested parties to explore issues regarding downpayment assistance provided to homebuyers utilizing HECM insured mortgage financing.

This dataset shows the HECM (Home Equity Conversion Mortgage) Single Family Portfolio Snapshot. The Home Equity Conversion Mortgage (HECM) is Federal Housing Administration's (FHA) reverse mortgage program which enables families to withdraw some of the equity in their homes.