Disclaimer: ReversePulse is an independent data research and financial analytics platform published by Systemores LLC. ReversePulse is not a government agency, is not affiliated with or endorsed by HUD, the FHA, or any government department, and does not act as a licensed mortgage broker or direct lender. Financial illustrations generated by our PLF calculator are educational approximations based on HUD Mortgagee Letter 2017-17 tables. Homeowners must fulfill mandatory property tax, homeowner insurance, and primary residency covenants to maintain good standing under HECM loan guidelines.