Lending Limit for Fed-Backed Reverse Mortgages to Increase to $970,800 in 2022
The new maximum claim amount (MCA) for FHA-insured HECMs is an increase of nearly $150,000 over the previous 2021 high of $822,375, and is similar to the lending limit increase announced by FHFA. File photo: MDart10, Shutter Stock,!-->…