There a few basic requirements to qualify for a reverse mortgage:
You and your spouse must be at least 62 years of age.
Your home must have enough equity to consolidate all existing mortgages.
Your primary residence must be FHA-approved such as a single family home.
Individual lenders will also have their own requirements. At Z Reverse Mortgage, we will help you find the lender and mortgage program that is right for you.
Loan Amount is Based On
Youngest borrower’s age
Current interest rate
Lesser of appraised value or the FHA insurance limit
