Who Qualifies for a Reverse Mortgage?

• In order to apply for a Reverse Mortgage loan all homeowners must be at least 62 of age at the time they wish to receive the funds.

• They must be the owners of their home

• They must have sufficient equity in their home

Note: There are no income or credit qualifications to obtain a Reverse Mortgage loan. The qualifications are based simply on age and home equity.

As you can see there are very few actual requirements to apply for the loan.