Feb 6, 2024 · The reverse mortgage requires you to be a minimum of 62 years of age to close the loan (you can apply up to 60 days before your 62 birthday). If ...
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Yes, the reverse mortgage age requirement is 62 or older. However, spouses younger than 62 are eligible if the primary borrower is 62 or older. According to ...
The Special Table provides PLFs for eligible borrowers with non-borrowing spouses who are below the age of 62 years. Because the due-and-payable clause in HECM ...
Jul 29, 2022 · General table: Use this chart if you and your spouse are both age 62 or older, whether or not your spouse will be listed on the reverse mortgage ...
Usually, the minimum age for requirement a reverse mortgage is 62. In some cases, you might be able to get one if you're younger, for example, after turning 55.
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To be eligible for a FHA-insured Home Equity Conversion Mortgage (HECM) reverse mortgage loan, you must be at least 62 years old. When it comes to a proprietary ...
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To qualify for an FHA-approved reverse mortgage, borrowers must be 62 years or older (proprietary mortgage product age requirements can vary). Spouses who wish ...
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Your home value is below the maximum for the area and so is below HUD's limit. The factor for the youngest borrower (age 62) is .524, meaning that 52.4 percent ...
How old do you have to be for a reverse mortgage? Qualifying for a reverse mortgage depends on several factors, including age. In general, you must be 62 years ...
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