Texas Home Equity Conversion Mortgage (HECM)

U.S. Department of Housing and Urban Development

Available Senior & Disability

About This Program

FHA-insured reverse mortgage for homeowners age 62+ allowing them to convert home equity into cash for home repairs, healthcare, or other expenses. No monthly payments required; loan repaid when homeowner moves or passes. Must complete HUD counseling.

Loan amount based on age, home value, and interest rates

Data last verified 2026-06-09. How we verify our data.

Key Details

  • Reverse mortgage for homeowners 62+
  • Convert home equity to cash for repairs
  • No monthly payments required
  • Must complete HUD counseling
  • Loan repaid when you move or pass

How to Apply

A grant-savvy contractor in Iowa Park, TX can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

You will likely need a contractor to apply

Projects like this almost always need a licensed contractor, and many grants ask for a written estimate as part of your application. Lining up a contractor in Iowa Park early keeps your application moving.

Get matched with a contractor

Each program sets its own contractor rules. Check the official program page for exact requirements.

Deadline: No deadline, ongoing program

Questions about this program?

Ask us. It is free, and a real person answers within a business day.

Email us about this program

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

Find More Programs in Iowa Park, TX

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