FHA Single Family Housing Policy Handbook 4000.1, II. ORIGINATION THROUGH POST-CLOSING/ENDORSEMENT > B. TITLE II INSURED HOUSING PROGRAMS REVERSE MORTGAGES > 3. Allowable Mortgage Parameters — a. Maximum Mortgage Amounts

hud-4000-1-ii-a-maximum-mortgage-amounts-2

HUD effective date: 04/29/2024 · section II.B.3 · Handbook 4000.1

FHA Single Family Housing Policy Handbook 4000.1, Part II — a. Maximum Mortgage Amounts (04/29/2024).

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Verbatim provisions from FHA Single Family Housing Policy Handbook 4000.1, II. ORIGINATION THROUGH POST-CLOSING/ENDORSEMENT > B. TITLE II INSURED HOUSING PROGRAMS REVERSE MORTGAGES > 3. Allowable Mortgage Parameters — a. Maximum Mortgage Amounts — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

FHA Single Family Housing Policy Handbook 4000.1, Part II — a. Maximum Mortgage Amounts (04/29/2024)

Effective 2024-04-29 · publisher's stamp for this provision

a. Maximum Mortgage Amounts (04/29/2024) A maximum mortgage amount is not required to be stated in the Mortgage. However, where state law requires the Mortgage to reflect a maximum mortgage amount, the Mortgagee must use an amount that is at least equal to 150 percent of the Maximum Claim Amount (MCA). The Mortgagee may not disburse payments which will cause the outstanding loan balance to exceed the maximum mortgage amount stated in the Mortgage after the payment is disbursed. If the outstanding mortgage balance reaches the maximum mortgage amount, payments to the Borrower would cease. Payments may be reinstated only in the event the Borrower executes a modification to the Mortgage. For each HECM FHA insures, the Mortgagee must fully comply with the following requirements. i. National Housing Act’s Statutory Limits The National Housing Act establishes the national mortgage limit for HECMs. ii. Nationwide Mortgage Limits The national mortgage limit for HECMs is governed by the maximum claim amount limitation in sections 255(g) and 255(m) of the National Housing Act, which contains cross-references to section 305(a)(2) of the Federal Home Loan Mortgage Corporation Act. FHA publishes updated limits effective for each calendar year.

Source: FHA Single Family Housing Policy Handbook 4000.1, Update 18 (issued 2026-08-12) · source URL · snapshot e1bca3432cf19e09

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Source of record: https://claudeforcompliance.com/regs/hud-4000-1-ii-a-maximum-mortgage-amounts-2/ · register hud-4000-1-ii-a-maximum-mortgage-amounts-2 · verbatim, source-snapshotted regulator text from the Claude for Compliance corpus. To work from every register at once, download the corpus and follow the methodology.