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Reverse Mortgage Requirements

Dennis Said:

What are the FICO Score Requirements for a Reverse Mortgage?

We Answered:

There is no FICO score requirement for a Reverse Mortgage. A credit check is required to make sure all debts related to the home are accounted for. Furthermore, there is no income qualification, the application requires an income only for government monitoring purposes.

The requirements are - age(s) at or over 62, homeowner. If the home is a manufactured home, condo, PUD, or Cooperative other restrictions apply.

Best wishes

Becky Said:

Can I stop foreclosure on my home?

We Answered:

Just a question: How did they find out you were not living in the home?
Could you hit Add Details?
I'm curious as can be.
I would love to know...

Discuss It!