Reverse Mortgage Dictionary
Wednesday, April 1st, 2009203-b limit
The maximum amount of a home’s value that can be used to determine the dollar amount a borrower receives from a federally insured HECM reverse mortgage; varies by county; the name comes from section 203 (b) of the National Housing Act
203-b limit
The maximum amount of a home’s value that can be used to determine the dollar amount a borrower receives from a federally insured HECM reverse mortgage; varies by county; the name comes from section 203 (b) of the National Housing Act
203-b limit
The maximum amount of a home’s value that can be used to determine the dollar amount a borrower receives from a federally insured HECM reverse mortgage; varies by county; the name comes from section 203 (b) of the National Housing Act
Delivered
straight to your email inbox, our newsletter keeps you up to date with
the world of reverse mortgages and you'll never miss out on one of our
informative articles.
