A reverse mortgage could be a great way for homeowners to access their home's equity, but only select applicants qualify.
3 For those who inherit a home with a reverse mortgage from a spouse, rules depend on several factors: Co-borrower: A co-borrower can remain in the home and receive reverse mortgage...
FHA insurance will pay the lender the difference.11 Who is considered a spouse for reverse mortgage purposes? For someone to qualify as a spouse under the rules that apply to eligible non...
Applicants typically need 50% equity to qualify for a reverse mortgage. There are no credit score or income requirements for reverse mortgages. HUD requires all reverse mortgage borrowers...
A reverse mortgage is a loan for homeowners aged 62 and older who want to borrow against their home equity without having to make monthly payments.1 This mortgage product can help seniors...
Reverse mortgages can provide income for retirement. Learn what can make you ineligible for one and what some of the alternatives are.
HUD offers an online search tool that allows you to look up approved HECM lenders and their requirements.10 Who Can Qualify for a Reverse Mortgage? A reverse mortgage is a type of loan that...
Reverse mortgages allow homeowners to tap into equity, but it's important to understand who can be listed as a co-borrower.
2 Who Is Eligible for a Home Equity Conversion Mortgage (HECM)? The Federal Housing... If borrowers don't need to borrow above the HUD limits for a proprietary reverse mortgage, and they...
A reverse mortgage is a type of mortgage for older adults in need of cash. The lender pays you from your home's equity. Find out if a reverse mortgage is right for you.