New Reverse Mortgage Rules 2024. Department of housing and urban development (hud) on monday published a new version of its single family housing handbook 4000.1, which includes. You must meet the minimum age requirement to qualify for a reverse mortgage, which is typically.
โ reverse mortgage lending limits for 2024. These loans allow homeowners aged 62 and older to convert a portion of their home equity into cash, providing a valuable source of income in retirement.