Reverse Mortgage Properties

Not all properties qualify for a reverse mortgage. The home must be in good condition; however basic repairs may be completed after closing. Condominiums must meet FHA guidelines and condominium parks for manufactured homes do not qualify. Any manufactured homes must be 1976 or younger, be on an approved permanent foundation and on the owner's property.

The amount of money available is dependent on several factors. These include the age of the youngest borrower, the appraised value or FHA county limit (whichever is less), current program rates and property qualifications.

Additionally, any judgments or liens will be paid at closing if applicable.

A Reverse Mortgage Lender such as ReverseMortgageNation.com can assist you with your reverse mortgage needs.

To speak to a professional instantly, please call tol-free 1-888-973-8377, we would be glad to answer any questions you might have.