Are you 62 or over? Understand Reverse Mortgage

Tennessee Reverse Mortgage FHA Home Mortgage Loans by Bank of England Mortgage Tennessee
Chattanooga Mortgage Lenders |Reverse Mortgage Lending Chattanooga Johnson City Reverse Mortgage Lenders Knoxville Reverse Mortgage | Knoxville Mortgage Lenders Murfreesboro Reverse Mortgage Nashville Reverse Mortgage | Nashville Mortgage Lenders Sevierville Mortgage Lenders | Mortgage Lenders in Sevier County Your Reverse Mortgage Questions Answered

What Are The Requirements To Be Eligible For a Reverse Mortgage?


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.

EHLnobackground  fha-2

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