Do I Qualify

WHO QUALIFIES FOR A REVERSE MORTGAGE?

 

  1. All applicants must be 62 years of age or older.
  2. If you have Single Family Detached, 1-4 Units, Condominiums, and Town Homes.
  3. Condominiums that are HUD certified.
  4. You must occupy the home as your primary residence.
  5. Credit history is now a factor in the approval process with new standards for financial responsibility.
  6. There are no income requirements.
  7. You can have a mortgage on your home and still apply for a Reverse Mortgage.

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