What are the Requirements to be eligible for a Reverse Mortgage?

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Initial eligibility requirements for reverse mortgages
are quite simple.

  • Homeowners must be 62 years of age or older and occupy the property as their primary residence.
  • The property may be a single family or a 2-4 unit property, townhome, or FHA-approved condominium.
  • The home must meet minimum FHA property standards.
  • Borrower cannot be delinquent on any federal debt.
  • Completion of HECM counseling.

 

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You can also visit our other “sister” websites that may be helpful to your home ownership future:
http://www.fhahomeloanapplication.com
http://www.vahomeloanapplicaitons.com
http://www.usdahomeloanapplication.com

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