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 DC, FL, GA, IL, KY, MD, 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