Just
like any conventional mortgage, there are certain qualifications.
In order to qualify for a Reverse Mortgage, you must:
- Be
at least 62 years of age
- Own
your own home (or have substantial equity in the home)
- Live
in the home and use it as your primary residence
- Attend
a free, government approved counseling session with an independent
counselor
How
much money do I qualify for?
No
two loans are alike. The amount you can receive is based on your
age, the value of your home, the county in which you live, and
the current interest rate. Our Loan Advisors will meet with you
individually in order to assess your potential equity.
