Larry McAnarney
815-703-4745

Reverse Mortgage Age Qualifications

What is the Reverse Mortgage Age?

To clear up a common question, the minimum reverse mortgage age is 62. The product was designed for Senior Citizens by the US Government to benefit seniors during the retirement process. The following are the general requirements. Notice the minimum reverse mortgage age listed below. As a side note, the amount of proceeds from a reverse mortgage are also based on age.

Reverse Mortgage Qualifications

>> Borrowers must be Age 62 years or older
>> Own their home and have enough equity in to qualify
>> Occupy the home as primary residence
>> The home must be in generally good condition
>> Must meet with a certified HUD/FHA counselor

If you would like more Information regarding the reverse mortgage age qulaifications, you may Contact one our Reverse Mortgages Specialists for additional information on the reverse mortgage. You may also visit the following link to return to the ReverseMortgage home page, or request a free Reverse Mortgage Quote online.

Verified Reviews

(229)

Fast and Painless Process I still can’t believe how fast and painless the process was. During the reverse mortgage process Larry was easy to work with. He patiently responded to every question I asked him, day or night. Larry is very knowledgeable of the process and made it easy for us to understand. We always felt comfortable during the process and he made us feel like we were his only client. From initiation to closing we were completed in six weeks. We highly recommend Larry for reverse mortgage needs.

Richard & Jean A — Apr 29, 2020

Very Comfortable with my Decision I was a little nervous when I decided I wanted to look into a reverse mortgage. Had no idea where to begin, so went to a bank and they gave me Larry McAnarney's name. Thank goodness they did! Larry was absolutely wonderful. He was polite, answered all my questions and walked me through the process and was very patient with my questions. I then spoke with a reverse mortgage counselor who was also wonderful. She knew her business, took her time with me, answered all my questions and advised me. I was no longer nervous. I also had a notary who came and closed the reverse mortgage loan and he was very nice, took his time and walked me through the closing. All three people were very knowledgeable about reverse mortgages, both pros and cons, and I felt very comfortable with my final decision to go through the process. The entire process was not uncomfortable for me because all three had taken the time I needed for me to feel comfortable with my decision. I was very happy with the outcome and for the patience of all three individuals. Yes, I would recommend Larry McAnarney to anyone interested in a reverse mortgage.

Diane F — Jul 22, 2014

Knowledgeable Larry was very knowledgeable and explained things, so I understood.

Denise R — Jul 23, 2024