Government Shutdown Assistance
If you are impacted by the government shutdown and facing difficulty making your mortgage payment, we’re here to help. Please contact us to explore assistance options.
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.”
- Must have a certain percentage of equity in the home.
- There are no credit/credit score requirements.
- All reverse mortgage applicants are required to complete a HUD Approved Counseling Course.
* Must own home as primary residence in CO, DC, FL, GA, IL, KY, MD, MS, NC, OH, OR, PA, SC, TN, VA & WV.
National Reverse Mortgage Lenders Association
National Aging In Place Council
National Association of Senior Advocates
Better Business Bureau Accredited Business