Find a HUD-Approved Counselor
Before you can apply for a HECM reverse mortgage, federal law requires you to meet with a HUD-approved housing counselor. This session helps ensure you fully understand the loan terms, costs, and alternatives. Enter your zip code below to find certified counselors near you.
Data provided by the U.S. Department of Housing and Urban Development (HUD).
Why Is Counseling Required?
The U.S. Department of Housing and Urban Development (HUD) requires all HECM borrowers to complete an independent counseling session before applying for a reverse mortgage. This protects you by ensuring a trained, unbiased counselor reviews:
- How reverse mortgages work and the terms of the loan
- The financial implications, including fees, interest, and impact on your estate
- Alternatives to a reverse mortgage that may better fit your situation
- Your obligations as a borrower (taxes, insurance, maintenance)
What to Expect
Counseling sessions typically last about an hour and can be conducted in person, by phone, or via video. Most HUD-approved agencies offer this service for free or at a low cost (usually $125 or less). After the session, you'll receive a counseling certificate, which is required to proceed with your reverse mortgage application.
Tips for Your Counseling Session
- Have your mortgage statement and property tax bill handy
- Know your home's approximate current value
- Prepare questions about anything you've read or heard about reverse mortgages
- Ask about alternatives if you're unsure whether a reverse mortgage is right for you