Speak with a Consultant Speak with a
Consultant
1.800.501.1855
 
 
Get more information on reverse mortgage qualifications here.

What are the Reverse Mortgage Qualifications?

Reverse Mortgage Qualifications include:

  • You must be 62 years of age or older
  • You must live in the home as primary residence
  • The home must meet minimum FHA property standards
  • You must own the home or be able to pay off the existing mortgage or other liens against the home before getting a reverse mortgage (or be able to use proceeds from the reverse mortgage to pay them off at closing)
  • Borrowers must have received the required independent third-party counseling

Eligible Properties

  • Single-family homes
  • 1-4 unit properties
  • Some manufactured homes
  • Approved condominiums
  • Townhomes
  • Planned Unit Development
  • Newly constructed properties (Certificate of Occupancy must be issued prior to 1009 application date)

Property eligibility may vary based on the reverse mortgage you choose. For more information on reverse mortgage qualifications, talk to one of our Reverse Mortgage Consultants today.

 
Reverse Mortgage Calculator

How Much Money Can I Get?

*Home Value:
*Mortgage Debt:
*Date of Birth:
*Zip Code:
*Required Field
Home|About Reverse Mortgages|Getting Started|Resource Library|About Us|Privacy Policy|Terms & Conditions
Reverse Mortgage Calculator|Free Quote|Free DVD & Kit|FAQs|Site Map|Brokers|Contact Us|Careers
Generation Mortgage Company is a BBB Accredited Mortgage Broker in Atlanta, GA
A+ BBB Rating

Copyright © 2012 - Generation Mortgage Company | A Reverse Mortgage Company for Seniors 62 and Over. All Rights Reserved.

NMLS #1319; Corporate Office: 3 Piedmont Center, 3565 Piedmont Rd NE, Ste 300, Atlanta, GA 30305; Arizona Mortgage Banker License #0909296, 6740 E. Camelback Rd, Ste 104, Scottsdale, AZ 85251; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; Colorado, To check the license status of your mortgage loan originator, visit http://www.dora.state.co.us/real-estate/index.htm; In CT, licensed and DBA as Generation Reverse Mortgage, Inc.; Georgia Residential Mortgage Licensee #22292, Generation Mortgage Company, 3 Piedmont Ctr, 3565 Piedmont Road NE, Ste 300, Atlanta, GA 30305; Illinois Residential Mortgage Licensee #MB.6760368; Kansas Licensed Mortgage Company #MC.0001660; Massachusetts Mortgage Lender-ML3240; Licensed by the Mississippi Department of Banking & Consumer Finance; Nevada #2970, 907 Tahoe Blvd, Ste 2, Incline Village, NV 89451, Phone # 775-831-0161; Licensed by the New Hampshire Banking Department as Generation Mortgage Company d/b/a Generation Mortgage Company, Inc; Licensed by the N.J. Department of Banking and Insurance, 51 JFK Parkway, Ste 114, First Floor West, Short Hills, NJ 07078, Phone #973-218-2418; Licensed Mortgage Banker- NYS Department of Financial Services; Oregon License #ML-4445, Licensed by the Pennsylvania Department of Banking; Rhode Island Licensed Lender; TEXAS: COMPLAINTS REGARDING A LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD BE SENT TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. Licensed by the Virginia State Corporation Commission #MC-4832; Washington #CL-1319; Also conducts business in AL, AR, DC, DE, FL, HI, IA, ID, IN, KY, LA, MD, ME, MI, MN, MT, NC, ND, NE, NM, OH, OK, PR, SC, SD, TN (License #3543), UT, VT, WI, WV, WY. Not all products and options are available in all states. Terms subject to change without notice. Some people portrayed are professional models. ©2012 Generation Mortgage Company. All Rights Reserved.

Print This Page Change Font Size