Spectrum of Reverse Mortgages and Forward Mortgages
HECM and Reverse Mortgages
Add a description about this category
HECM
12
- New HECM
- Refinance HECM
- HECM to Purchase
- HECM to Downsize
Proprietary Reverse Mortgages
15
Private backed reverse mortgages. some different rules than FHA may apply
Other Types of reverse Mortgages
22
Reverse hybrid
Mortgages Payments Must Make on (Forward)
Add a description about this category
FHA
12
Add a description about this item
Conventional
15
Add a description about this item
VA
22
VA Purchases
IRRRL / VA refinance
Other Types of Mortgages and Loans
Add a description about this category
NonQM
12
DSCR
15
First Time Homebuyer
22
New Construction
22
USDA
22
ITIN
22
Investment Mortgages
22
Hybrids
22
203K
22
Add a footnote if this applies to your business