American Home Reverse, LLC
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Who Can Get a Reverse Mortgage Loan?

Old Friends

If you are over the age of 62, you might be able to get a reverse mortgage loan.  To be eligible though, you must:

  • Be a homeowner (to be clear, this does not mean that the home has to be paid off). Eligible properties include single family residences, 2 to 4 unit properties, condominiums, town homes and some manufactured homes.
  • Have equity in the home.
  • Be able to meet certain income and credit qualifications.

Qualifying for a reverse mortgage loan is not quite as difficult as qualifying for a traditional mortgage loan, although you will still have to undergo a financial assessment.  Fortunately, most reverse mortgage lenders take into consideration extenuating circumstances that many seniors face.  Things that may have had a negative effect your credit, such as declining health or the death of a spouse, can be documented and may not be a factor in whether you get the loan.

Questions?  Call us at 855-469-7383, Ext. 802.  

About the Author Laura Funderburk

Laura Funderburk is a highly sought after reverse mortgage loan specialist in Dallas, Texas. She has focused on this specialty loan for many years and stays up-to-date on the latest trends and changes. She is known for helping retirees supplement their retirement income using a reverse mortgage loan without being pushy or overbearing.

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