Reverse Mortgage Age Qualifications
What is the Reverse Mortgage Age?
To clear up a common question, the minimum reverse mortgage age is 62. The product was designed for Senior Citizens by the US Government to benefit seniors during the retirement process. The following are the general requirements. Notice the minimum reverse mortgage age listed below. As a side note, the amount of proceeds from a reverse mortgage are also based on age.
Reverse Mortgage Qualifications
- >> Borrowers must be Age 62 years or older
- >> Own their home and have enough equity in to qualify
- >> Occupy the home as primary residence
- >> The home must be in generally good condition
- >> Must meet with a certified HUD/FHA counselor
If you would like more Information regarding the reverse mortgage age qulaifications, you may Contact one our Reverse Mortgages Specialists for additional information on the reverse mortgage. You may also visit the following link to return to the ReverseMortgage home page, or request a free Reverse Mortgage Quote online.