This page helps FHA approved lenders by providing links to policy, guidance and tools that help in the origination and servicing of HECM loans.

For all HECM fixed interest rate case numbers assigned on or after April 1, 2013, HECM Saver shall be the initial mortgage insurance premium (MIP) and the HECM Saver principal limit factors must be used to determine the principal limit amount. Mortgagors may still use the HECM Standard initial MIP option, but only with adjustable interest rate mortgages.

Refer to Mortgagee Letter 2013-01 for a description of this policy change and information related to FHA Connection changes. Go to software links below for instructions on installing or upgrading HECM software.

Origination

Software

Servicing

Training and Webcasts