Surviving Non-Borrowing Spouse

A surviving non-borrowing spouse is the spouse of a deceased HECM borrower, who was not named as a borrower in the original loan application and legal documents. This often occurs when the spouse was not 62 years of age when the loan was originated; did not have title to the property; or in order to secure the maximum amount, or principal limit, for the HECM.

Upon the death of the last surviving borrower, the balance of the HECM loan becomes due and payable. At this point, the non-borrowing spouse may not withdraw any unused loan funds; however, FHA mortgage insurance premiums, and service fees will continue to accrue on the unpaid principal balance.

If the HECM loan was originated before August 4, 2014, click here for information.

If the HECM loan was originated on or after August 4, 2014, click here for information.

Consumer Fact Sheets and Cards

• Home Equity Conversion Mortgage: Homeowner (Fact Sheet)
• Important Information for Home Equity Conversion Mortgage (HECM) holders and their spouses (Card)
• Inheriting a Home Secured by an FHA-insured Home Equity Conversion Mortgage (Fact Sheet)
• What you need to know if you inherit a home that is security for an FHA Home Equity Conversion Mortgage (HECM) (Card)