Credit Union Mortgage Association, Inc.
Credit Union Mortage Association, Inc.
Credit Union Mortgage Association, Inc.

Reverse Mortgages: Qualifications

Qualifications For Reverse Mortgages

The qualifications for a reverse mortgage are simple. As you read the following information, please contact us with any questions:

  • Applicant members must be at least 62 years of age.
  • The applicant must be a homeowner (includes single family residence, condo, townhouse, or manufactured housing built after June 1976).
  • The home does NOT need to be owned “free and clear.”
  • No income or medical requirements are needed to qualify.
  • There are no credit/credit score requirements.

 

AARP.org

NRMLA

Direct Connect

USA.gov

Social Security Administration

Zillow.com

Senior Lending Network