Safeguards

• Borrower name remains on title
  
• No payments to make until all borrowers move or the home is sold.
  
• Required Counseling (AARP or Counseling Agency approved by FHA or Fannie Mae)
  
• Borrower will never owe more than the loan balance or value of property, whichever is less (Non-recourse).
  
• No debt passes to heirs.
  
• FHA guarantees income for life even if your house declines in value
  
• FHA limits the fees that can be charged