24/7 Wall Street: “Her Husband Is Taking Out the Reverse Mortgage in His Name Alone. When He Dies, a 2014 HUD Rule Will Let Her Keep Living There, and the Lender Will Have to Wait”

Written by Christopher Paris
Reverse Mortgage

“Who Qualifies for the Protection and Who Misses Out:

“The borrowing spouse must be at least 62. A younger spouse can be a non-borrowing spouse. To qualify, she must meet several conditions. She must be named in the loan documents, be married to the borrower at closing, live in the home as her principal residence, and keep paying property taxes and insurance (HUD Mortgagee Letter 2014-07). Common-law spouses also count, and when a spouse the borrower marries after closing does not qualify, according to HUD Housing Notice H 2014-17. Private reverse mortgages may handle spouses differently, so the protection applies only to HECMs.”

(continued)

● “Her Husband Is Taking Out the Reverse Mortgage in His Name Alone. When He Dies, a 2014 HUD Rule Will Let Her Keep Living There, and the Lender Will Have to Wait,” 24/7 Wall St., 10/1/26:

ARTICLE LINK: https://247wallst.com/personal-finance/2026/10/01/her-husband-is-taking-out-the-reverse-mortgage-in-his-name-alone-when-he-dies-a-2014-hud-rule-will-let-her-keep-living-there-and-the-lender-will-have-to-wait/

#estateplanning #HUD #ReverseMortgages #FHA

Christopher Paris
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