HUD Approved Reverse Mortgage Counseling

When applying for a reverse mortgage, you may want to first call a reverse mortgage counselor. Third party counseling is free and it is more than a mere recommendation; it is a requirement to do a reverse mortgage. The counselor's job is to educate you about reverse mortgages, to inform you of alternative options available to you given your situation, and to assist you in determining which particular reverse mortgage product best fits your needs.

An OmniHome reverse mortgage specialist can provide you with the program information and the names of approved counseling agencies in your area. A nationwide list of approved counseling agencies, including OmniHome Financing, is posted on the Web by the U.S. Department of Housing and Urban Development.

In general, reverse mortgage counseling sessions are done on the telephone, but it is common to sit face to face with a mortgage counselor as well.

To receive a list of HUD's approved reverse mortgage counselors, or to set up an appointmen to meet with an OmniHome reverse counselor, please call OmniHome Financing, Toll Free at (877) 944-OMNI.