The decision to get a reverse mortgage is an important one. The Department of Housing and Urban Development (HUD) and the Federal Housing Administration want to insure you are able to make an informed decision and that you are able to choose a course of action that will meet your needs.
Are You Ready?
You must be at least 62 years old. In the case of a couple or co-owners, both must be 62 if their names appear in the title to the property.
You must occupy your home as your primary residence. Property types includes single family, 2-4 units and FHA approved condo’s.
You must own your home free of debt or have a low mortgage balance remaining.
Funds received through a reverse mortgage are not considered income and are not considered income and are not subject to reporting on income tax filings.
Download: Reverse Mortgage Brochure
Download: Reverse Mortgage Intake Packet
*Our office is handicapped accessible. Please call ahead so that we may accommodate your needs.