Reverse Mortgage Eligibility | Who Qualifies & What Properties Are Eligible?

Описание: 💰 Do You Qualify for a Reverse Mortgage? Let’s Find Out!

If you’re 62 or older and looking to convert your home equity into cash, a Reverse Mortgage might be the perfect solution! But first, let’s break down the eligibility requirements for both borrowers and properties.

🚀 Reverse Mortgage Eligibility Requirements:

Borrower Eligibility
✔️ Must be 62 years or older (some states offer deferment for younger spouses)
✔️ Must complete a financial review to ensure financial stability
✔️ Must meet credit & income requirements to cover property expenses

Property Eligibility
✔️ Single-family homes
✔️ Two- to four-unit properties (one unit must be owner-occupied)
✔️ Manufactured & modular homes (built after June 15, 1976)
✔️ Townhomes & condominiums (must meet FHA approval)
✔️ Planned unit developments (PUDs)

🚫 Ineligible Properties:
❌ Cooperative units
❌ Newly constructed homes without a Certificate of Occupancy
❌ Boarding houses & bed & breakfast establishments
❌ Manufactured homes built before June 15, 1976

📍 Serving Houston, Harris County, and All of Texas!

📞 Call today to find out if you and your home qualify for a Reverse Mortgage!

📅 Book a FREE Consultation → https://calendly.com/cliffsaunders
📲 Call or Text: 832-830-2837

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