In order to qualify for a U.S. Government-insured reverse mortgage, a borrower must receive reverse mortgage counseling from a counseling agency that is approved and certified by the Federal Housing Administration (FHA).

The counseling session usually cost $125 and is paid directly by the borrower to the counseling agency. In some cases this fee can be paid out of the proceeds of the reverse mortgage at closing. If you can show the agency that there is a hardship and cannot afford to pay and prove this with documentation, you can get free counseling.                                                                                                                                                 You will receive a Certificate of Counseling in the mail once you have completed the counseling.
Once you receive your certificate, please sign it and forward the original signed copy of the counseling certificate to us at Residential Reverse Mortgage so that we can include it in your loan application package and verify that you have completed this federal requirement.
We can not steer, direct, recommend, or otherwise encourage a client to seek the services of any one particular counseling agency. Below are the links for counseling info, just click on the appropriate state.

New York Counseling Information

New Jersey Counseling Information

Please feel free to call us with any questions regarding counseling and we will be glad to help 800-987-7740

Residential Reverse Mortgage
800-987-7740