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The minimum qualifying age for a reverse mortgage is 55

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Posts Tagged 'manufactured home'

Reverse mortgage on manufactured home with acreage?

January 17, 2017 no comments

Our stick built home is on 3 acres and is valued at about $375,000. In 2001 we added a manufactured home on the same property. It is on a permanent foundation, is permitted, has its own separate utilities and address. It is presently a rental and is valued at about $150,000. In checking with two different lenders both indicated that...
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