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.