Eligibility Requirements For a Reverse Mortgage

The eligibility requirements are quite simple. There are no income, employment or credit qualifying restrictions.

• All homeowners listed on Deed must be age 62, or older, and occupy the
property as their principal residence

• The home may be owned free and clear, or, have a remaining mortgage
balance which can be paid-off by a Reverse Mortgage

• The property must be a single‑family, or a two‑to‑four unit dwelling

• Townhomes, detached homes, condominium units, Planned Unit
Developments (PUDS) and some manufactured homes are eligible

• The home must meet HUD minimum property standards. In some cases,
home repairs can be made after the closing of a Reverse Mortgage

Reverse Mortgage Man
(866) 800-0280

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