How much money can I get with a reverse mortgage? Answer: This depends on the type of loan, the lender you choose, and the payment option that you select. Most reverse mortgages today are Home Equity Conversion Mortgages (HECMs). The Federal Housing Administration (FHA), a part of the Department of Housing and Urban Development (HUD), insures HECMs. With a HECM loan, you can receive your money in one of three ways: as a line of credit, in monthly installments, or a lump sum. You can also get a combination of monthly installments and a line of credit. Note: This webpage has information about HECMs, which are the most common type…