Description:
Offers loans by HUD-approved lenders to homeowners 62 and over. Payment is not required until the owner moves out of the home permanently, sells the home, or passes away. Elderly homeowners can use loan proceeds to pay for anything, including critical home repairs and support services. Secured by the equity of the home and is insured by the Federal Housing Administration (FHA). Based in Madison, Wisconsin. Counseling can be completed by telephone.