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The minimum qualifying age for a reverse mortgage is 55

Don’t forget to include your spouse’s age, even if they are not yet 55, as loan proceeds are always based on the age of the youngest spouse.

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From America's #1 Rated Reverse Mortgage Lender

Posts Tagged 'credit qualifications'

Reverse Mortgage Credit Requirements: Will You Qualify?

November 15, 2011 2 comments

UPDATE: Financial Assessment has been postponed until 3rd quarter 2012 For those looking into getting a Reverse Mortgage, it’s important to be aware of certain changes that lenders may be making in the form of credit requirements for borrowers that take place during the loan underwriting process. Reverse mortgage lenders are beginning to conduct these financial assessments as a way...
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