Reverse Mortgages: Qualifications

Qualifications For Reverse Mortgages

The qualifications for a reverse mortgage are not complicated. As you read the following information please contact us with any questions:

• Applicant members must be at least 62 years of age
• Must be a Homeowner (single family residence, condo, townhouse, manufactured housing built after June 1976)
• Home does NOT need to be owned “Free & Clear”
• No Income or Medical Requirements to Qualify
• No Credit/Credit Score Requirements

 

 

 

Get Pre-Approved

While it really doesn't matter why you need a new house, it does matter how you go about purchasing it. The first step is getting Pre-Approved. Take the worry out of financing and click here for all the details.

What is a Reverse Mortgage?

A Reverse Mortgage is a unique loan that allows homeowners age 62 years and older to convert part of the equity in their home into monthly income or cash without having to sell the home, give up title, or take on additional monthly mortgage payments. Click to learn more.