1st Reverse Financial releases new FHA reverse mortgage

1st Reverse Financial Services LLC has released a reverse mortgage program insured by the Federal Housing Administration (FHA), called the HECM Pathway, designed to assist borrowers in situations where receiving little or no proceeds after settlement or needing to bring funds to closing would create a hardship.

The HECM Pathway is a Home Equity Conversion Mortgage (HECM) that carries with it the full protections, payout methodologies and features of all other HECMs insured by the Federal Housing Administration.

Westmont, Ill.-based 1st Reverse Financial Services LLC is a subsidiary of Family Federal Savings of Illinois, a federally chartered thrift. For more information, call (877) 574-1000 or visit www.1streverse.com.