I live in a mobilehome and am over 62, can I get a reverse mortgage?
Many mobilehomes (now referred to as Manufactured Homes) can qualify for a reverse mortgage if they conform to FHA Guidelines.
the basics of the guidelines are as follows:
Many mobilehomes (now referred to as Manufactured Homes) can qualify for a reverse mortgage if they conform to FHA Guidelines.
the basics of the guidelines are as follows:
- The home must be constructed after June 15, 1976
- It must be taxed as real property.
- It must have a permanent foundation.
- It cannot have been moved from it’s original site placement.
- It cannot be in a flood zone.
- It must be larger than 400 square feet.
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