Terms of Use

Effective August 23, 2026

By using reversewitheric.com, you agree to these terms. If you do not agree, please do not use the site or submit information through it.

Educational information only

The site and calculator provide general educational information and a conservative preliminary screen. They are not an application, approval, commitment to lend, appraisal, credit decision, proceeds quote, or substitute for financial, tax, investment, or legal advice.

No government affiliation

Heritage Reverse Mortgage and Eric Sprunt are not HUD, FHA, or another government agency. A HECM is a loan insured by the Federal Housing Administration and is subject to program, lender, counseling, appraisal, title, financial-assessment, and property requirements.

Calculator limitations

Results depend entirely on the estimates entered and use a deliberately cautious screening factor rather than HUD’s live principal-limit calculations. Actual eligibility and proceeds depend on current interest rates, borrower age, appraised value, existing liens, mortgage insurance, closing costs, required set-asides, and other underwriting factors.

Borrower obligations

HECM borrowers must meet continuing loan obligations, including principal-residence occupancy, timely payment of taxes, insurance, and other property charges, and reasonable property maintenance. A failure to meet loan obligations may cause the loan to become due and payable. Not all applicants qualify.

Acceptable use

You may not misuse the site, attempt unauthorized access, interfere with its operation, submit false or unlawful information, or use automated means to overwhelm the service.

Third-party resources and availability

Links to HUD, counselors, Heritage, and other resources are provided for convenience. Their content and availability are controlled by their respective operators. The site may be changed, suspended, or discontinued at any time.

Disclaimer

Information is provided on an “as available” basis to the extent permitted by law. Program rules and market conditions change, and users should confirm current terms with a HUD-approved counselor and an FHA-approved lender before making decisions.