Reverse Mortgage Information

Approved by the U.S. Department of Housing and Urban Development (HUD) to provide home equity conversion mortgage (HECM) counseling, DMCC counselors help seniors arrive at their most informed decision when considering their reverse home mortgage options. DMCC counselors can provide you information on getting a reverse mortgage and answer all your reverse mortgage questions in a very friendly and informative manner.

Reverse mortgages are popular with seniors who have equity in their homes and want to supplement their income or purchase a new home. A reverse mortgage enables you to withdraw some of the equity in your primary residence. You may choose how to withdraw the available funds; typically lump sum or monthly. There are many factors to consider with a reverse mortgage and eligibility requirements that must be met.

Seniors age 62 or older without a mortgage, or who have paid off a substantial portion of their existing mortgage, may be eligible for the Federal Housing Administration’s (FHA) HECM program. To be eligible for a FHA HECM, the FHA requires you, the borrower, to obtain a certificate from a HUD Approved Housing Agency within six months of applying for a reverse mortgage loan stating you have completed a reverse mortgage counseling session and are aware of the requirements, implications and financing alternatives.


All of DMCC’s reverse mortgage counseling sessions follow strict HUD protocol. Our purpose, as a HUD approved reverse mortgage counseling agency, is to make sure you have all the information required to make an informed decision regarding a reverse mortgage.

To schedule an appointment with a DMCC counselor, please call (866) 618-3328. Emergency counseling is provided for those individuals that need a reverse mortgage to cover the cost of a medical emergency or avoid foreclosure.

Read Frequently Asked Questions regarding Reverse Mortgages