Beware of Scams
If you are interested in a reverse mortgage, beware of scam artists that charge thousands of dollars for information that is free from HUD. FHA does NOT recommend using any service that charges a fee for referring a borrower to an FHA lender. FHA provides this information for free, and HUD-approved housing counseling agencies are available for free or at very low cost, to provide information, counseling, and a free referral to a list of FHA-approved lenders. Search online or call (800) 569-4287 toll-free, for the name and location of a HUD-approved housing counseling agency near you.