How can i Be eligible for an opposing Financial? Domestic Collateral Conversion Financial (HECM) The fresh new HECM is among the most common contrary home loan. HECMs are insured from the Federal Property Administration (FHA), that’s region U.S. Agencies from Housing and Urban Advancement (HUD). The latest FHA pledges you to definitely loan providers can meet their obligations. HECMs are just provided by federally-recognized loan providers, that happen to be necessary to go after rigorous statutes imposed by the government […]