AWACSMortgage compliance intelligence from Flightline

FHA · Mortgagee Letter ML 2024-22 · Published

2025 Home Equity Conversion Mortgage (HECM) Limits

This Mortgagee Letter establishes the calendar year 2025 Maximum Claim Amount limit of $1,209,750 for Title II Home Equity Conversion Mortgages. The updated limit applies to case numbers assigned on or after January 1, 2025, through December 31, 2025, including special exception areas.

Review recommendedCase numbers assigned on or after Jan 1, 2025Checks passed· adjusted automaticallyRead the letter ↗ (opens in a new tab)

Loan impact

From the letter text · verified

Applies to: FHA Title II Home Equity Conversion Mortgage (HECM) loans with case numbers assigned on or after January 1, 2025.

Applies when all of these are true
  • ANDFHA loan
  • ANDCase number date on or after January 1, 2025
Addressed to
All FHA-Approved Mortgagees
Investor
FHAFrom the publisher, not quoted from the text
Programs
FHAFrom the publisher, not quoted from the text
Affected area
Products
Effective
Case numbers assigned on or after Jan 1, 2025
Applicability confidence
Verified: every row taken from the source text is supported by it; rows marked "from the publisher" are not quoted
Supporting quotes from the letter
  • conditions“The provisions of this ML are effective for case numbers assigned on or after January 1, 2025.”
  • affected areas“The provisions of this ML apply to Title II HECM programs.”

What changed

From the letter text
RequirementPreviouslyNow
HECM Maximum Claim Amount limitRelaxedNot statedThe HECM Maximum Claim Amount is $1,209,750 for calendar year 2025, including special exception areas.

What to do

AWACS interpretation · not source language

What to review: Review the updated calendar year 2025 HECM Maximum Claim Amount limit of $1,209,750 applicable to case numbers assigned on or after January 1, 2025.

QC implications

  • Sample HECM files with case numbers assigned on or after January 1, 2025, to confirm that the Maximum Claim Amount adheres to the $1,209,750 limit across all areas including special exception areas.

Source and record

Version 1 · archived

Checks

  • Source verified: Passed

    The document ID, link and publication date match the official source.

  • Quotes match the source: Passed, adjusted automatically

    Every quoted passage appears word for word in the official document.

    • A detail the source does not support was removed or adjusted

  • Requirements backed by the source: Passed

    Anything marked required is backed by the requirement language and dates in the source.

  • In scope: Passed

    The document is about residential mortgage lending.

  • Format and labels: Passed

    The record follows the AWACS format and uses its standard labels.