Can You Get A Reverse Mortgage At Age 55?
Besides being at least age 55, there is no maximum reverse mortgage age limit for applying for a reverse mortgage. The only condition for age is that you should be at least 55 or older. Older borrowers can access a larger part of their home's equity.
Is there an age limit on a reverse mortgage?
You must be at least 62 years or older– Since reverse mortgages were designed to help seniors age in their homes, this loan is only available to individuals in retirement age.
Understanding Reverse Mortgage Loan Qualifications and ...
What disqualifies you from getting a reverse mortgage?
A reverse mortgage may not be a good idea if: You currently have no mortgage, or a very low mortgage balance. You're underfunded for retirement. You don't have enough income for a regular mortgage or home equity loan. Your retirement income is very low.
What Is a Reverse Mortgage? | LendingTree