Call Us Toll Free Today! (855) 367-4326 | 855-FOR-HECM

Reverse Mortgage Qualifications

One of Alpha Mortgage’s Reverse Bankers can help you determine whether or not you may qualify and which products best suit your financial goals. The following standard reverse mortgage qualifications are in accordance with HUD guidelines:

  • Borrowers must be at least sixty-two years of age or older
  • The property must be either 1-4 unit primary residences, condominiums, or manufactured homes that meet FHA’s requirements
  • Homeowners must own the property as their primary residence and should have substantial equity in the home
  • Borrowers must not owe any back debt to the government
  • Income and credit scores are not a criteria to qualify
  • Borrowers are required to maintain the property in “good condition” to protect the value of the home, pay their taxes annually and pay for their home owner’s insurance

Call Toll Free to Learn More about reverse mortgage financing solutions – (855) 367-4326

Learn more about how people are using home equity conversion mortgages for purchasing homes:

Please keep in mind that the reverse mortgage industry is constantly changing and some of the information contained on this site may not be current. Please ask a licensed reverse mortgage professional for up-to-date guidelines.