COVID-19: I have an FHA Home Equity Conversion Mortgage (HECM) but have to go to a nursing home/rehabilitation facility due to COVID-19. Can I delay making the HECM due and payable so my spouse/partner/family can remain in the home?

Yes. To ensure that your spouse/partner/family can remain in your home, you must contact your HECM servicer, the company who manages your HECM, as soon as possible. Upon your request, Mortgagees must approve the initial COVID-19 HECM Due and Payable Extension Period no later than June 30, 2021.

COVID-19 HECM Due and Payable Extension Periods:
Upon request of the Borrower, the Mortgagee must delay submitting a request to call a loan due and payable. The initial extension period may be up to 6 months. If needed, an additional period of up to 6 months may be approved by HUD.


For Borrowers who requested their initial extension period on or before June 30, 2020, the Borrower may request, and the Mortgagee must approve, up to two additional three month extension periods. The Borrower must request each three month extension individually. Neither of the two additional three-month extension periods may extend beyond December 31, 2021.

No extension period may extend beyond June 30, 2022.

For additional information related to the COVID-19 HECM Due and Payable Extension Period see Mortgagee Letters 2021-05, 2021-04, 2020-44, 2020-34, and 2020-06 available at: https://www.hud.gov/program_offices/administration/hudclips/letters/mortgagee

All policy information contained in this knowledge base article is based upon the referenced HUD policy document. Any lending or insuring decisions should adhere to the specific information contained in that underlying policy document.


Topic Number: KA-05422