The total income that an owner can receive through HECM is calculated using a formula that includes the age of the homeowner(s), the interest rate, and the value of the home. The Santa Fe Community Housing Trust is the only organization to offer this much-needed service in Santa Fe and remains one of only two providers of HECM counseling in New Mexico.
For more information about this program see the HUD website, or contact Ron Chavez at (505) 989-3960.