Home Equity Conversion Mortgage program
E5804
United States government program
federal housing program
mortgage insurance program
reverse mortgage program
The Home Equity Conversion Mortgage program is the U.S. government–insured reverse mortgage initiative that allows eligible older homeowners to convert part of their home equity into cash.
All labels observed (6)
How this entity was disambiguated
This entity first appeared as the object of triple T85074 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Home Equity Conversion Mortgage program Context triple: [Federal Housing Administration, program, Home Equity Conversion Mortgage program]
-
A.
Home Owners' Loan Corporation
The Home Owners' Loan Corporation was a New Deal-era U.S. government agency created during the Great Depression to refinance home mortgages, prevent foreclosures, and stabilize the housing market.
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B.
Federal Housing Administration
The Federal Housing Administration is a U.S. government agency that provides mortgage insurance to encourage lenders to offer affordable home loans, particularly to first-time and lower-income buyers.
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C.
New Markets Tax Credit Program
The New Markets Tax Credit Program is a U.S. federal initiative that incentivizes private investment in low-income communities by offering tax credits to investors in qualified community development projects.
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D.
Native American CDFI Assistance Program
The Native American CDFI Assistance Program is a federal initiative that provides financial and technical support to Native American community development financial institutions to promote economic development in Native communities.
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E.
Guaranteed Rate
Guaranteed Rate is a U.S.-based mortgage lending company known for providing home loans and related financial services nationwide.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Home Equity Conversion Mortgage program Target entity description: The Home Equity Conversion Mortgage program is the U.S. government–insured reverse mortgage initiative that allows eligible older homeowners to convert part of their home equity into cash.
-
A.
Home Owners' Loan Corporation
The Home Owners' Loan Corporation was a New Deal-era U.S. government agency created during the Great Depression to refinance home mortgages, prevent foreclosures, and stabilize the housing market.
-
B.
Federal Housing Administration
The Federal Housing Administration is a U.S. government agency that provides mortgage insurance to encourage lenders to offer affordable home loans, particularly to first-time and lower-income buyers.
-
C.
New Markets Tax Credit Program
The New Markets Tax Credit Program is a U.S. federal initiative that incentivizes private investment in low-income communities by offering tax credits to investors in qualified community development projects.
-
D.
Native American CDFI Assistance Program
The Native American CDFI Assistance Program is a federal initiative that provides financial and technical support to Native American community development financial institutions to promote economic development in Native communities.
-
E.
Home Owners' Loan Act of 1933
The Home Owners' Loan Act of 1933 was a New Deal-era U.S. federal law that created mechanisms to refinance home mortgages and prevent foreclosures during the Great Depression.
- F. None of above. chosen
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
United States government program
ⓘ
federal housing program ⓘ mortgage insurance program ⓘ reverse mortgage program ⓘ |
| administeredBy |
Federal Housing Administration
ⓘ
U.S. Department of Housing and Urban Development ⓘ |
| appliesToPropertyType |
FHA-approved condominiums
ⓘ
single-family homes ⓘ some multi-unit properties occupied by the borrower ⓘ |
| country |
United States
ⓘ
linked to:
United States of America
|
| disbursementOption |
combination of payment methods
ⓘ
line of credit ⓘ lump sum ⓘ monthly payments ⓘ |
| eligibilityRequirement |
borrower must be at least 62 years old
ⓘ
borrower must have financial capacity to pay taxes and insurance ⓘ borrower must occupy the property as a principal residence ⓘ borrower must receive HUD-approved counseling ⓘ property must meet FHA standards ⓘ |
| feature |
FHA loan limits apply
ⓘ
counseling requirement ⓘ loan due when borrower dies sells or permanently leaves the home ⓘ mandatory mortgage insurance premium ⓘ multiple disbursement options ⓘ no required monthly mortgage payments ⓘ non-recourse loan ⓘ options for fixed or adjustable interest rates ⓘ principal limit based on age interest rate and home value ⓘ |
| fundingSource |
FHA mortgage insurance premiums
ⓘ
linked to:
Federal Housing Administration
|
| hasAcronym |
HECM
ⓘ
linked to:
Home Equity Conversion Mortgage program
|
| insuredBy | Federal Housing Administration ⓘ |
| legalAuthority |
Section 255 of the National Housing Act
ⓘ
linked to:
National Housing Act of 1934
|
| loanType | reverse mortgage ⓘ |
| marketRole | dominant reverse mortgage product in the U.S. ⓘ |
| protects | borrowers from owing more than the home value at loan maturity ⓘ |
| purpose |
allow older homeowners to convert home equity into cash
ⓘ
provide government insurance for reverse mortgages ⓘ |
| regulatedBy | U.S. Department of Housing and Urban Development ⓘ |
| repaymentTrigger |
death of the last surviving borrower
ⓘ
failure to maintain the property ⓘ failure to pay property taxes or homeowners insurance ⓘ permanent move-out from the property ⓘ sale of the home ⓘ |
| requires |
annual mortgage insurance premium
ⓘ
ongoing payment of property taxes and homeowners insurance by borrower ⓘ upfront mortgage insurance premium ⓘ |
| securedBy | borrower’s primary residence ⓘ |
| startDate | 1989 ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Home Equity Conversion Mortgage program Description of subject: The Home Equity Conversion Mortgage program is the U.S. government–insured reverse mortgage initiative that allows eligible older homeowners to convert part of their home equity into cash.
Referenced by (6)
Full triples — surface form annotated when it differs from this entity's canonical label.
linked to: Home Equity Conversion Mortgage program
linked to: Home Equity Conversion Mortgage program
HUD 4000.1 Single Family Housing Policy Handbook
→
appliesTo
→
FHA Home Equity Conversion Mortgages
ⓘ
linked to: Home Equity Conversion Mortgage program
linked to: Home Equity Conversion Mortgage program
HUD Office of Single Family Housing
→
overseesProgram
→
FHA Home Equity Conversion Mortgage program
ⓘ
linked to: Home Equity Conversion Mortgage program