Home > Homeownership > Reverse Mortgage Counseling

A service to assist homeowners 62 or older. Information is provided on the benefits, costs, and responsibilities of using this resource to access equity in the home. Fee charged. 

Consumer Credit Counseling Service of Greater Greensboro provides quality face-to-face reverse mortgage housing counseling and education for the senior homeowner as a HUD-certified counseling agency. Our staff is comprised of NFCC trained and HECM certified housing counselors.

Borrower Requirements

  • 62 years of age or older
  • Own the property outright, or have a small mortgage balance
  • Occupy the property as your principal residence
  • Not be delinquent on any federal debt
  • Participate in a consumer information session given by an approved reverse mortgage counselor

Financial Requirements

  • No income or credit qualifications are required of the borrower
  • No repayment as long as the property is your principal residence
  • Closing costs may be financed in the mortgage

Property Requirements

  • Single family home or 1-4 unit home with one unit occupied by the borrower
  • HUD-approved condominium
  • Manufactured home that meets FHA requirements

Mortgage Amount Based On

  • Age of the youngest borrower
  • Current interest rate
  • Lesser of appraised value or the HECM FHA mortgage limit

Contact CCCS of Greater Greensboro Today