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

(224)

Larry Was Very Personable Larry was a very personable representative and was always willing to answer any questions that were asked of him. It’s not always easy dealing with the elderly and he is more than patient with us all!!! Thank you Larry

Lisa B — Dec 21, 2019

Larry is One of the Best I have always considered myself very comfortable financially. That is until a number of uncontrollable events occurred and most of my remaining retirement assets were in bricks. Fortunately, I met Larry a few years ago and remembered hearing about his experience and knowledge in investments, real estate and the markets in general. Having recently lost my husband I did not want to involve family in personal financial discussions, I called Larry. Larry's patience and experience in clearly explaining my options made him very easy to work with. I never felt rushed to make a decision, even after I was approved and then backed away to look at another lender. He didn't "pester" me. He left me alone to think. I came back because I knew he was looking out for my best interest. I spent my career in sales & marketing and am very familiar with selling a high-end product. Larry is one of the best. He kept the needs of his customer his primary objective. Thanks to Larry I am on my feet again.

Roberta D — Oct 21, 2021

I Trust Larry I was very happy I chose Larry to help me with this loan. He was very helpful and answered all my questions. He answered all my concerns and I trusted him. I would recommend him to any one who needs or wants a reverse mortgage loan. I can call him anytime if I need to and I know he will answer my call.

Dorothy B — May 14, 2015