The land value does have some bearing on the value which can be used for the reverse mortgage. Generally 30% or less has to be assigned to land for the appraisal to be acceptable for FHA HECM financing. If the land is valued at more than that amount then the underwriter will use a lesser value for the land which will reduce the total principle amount of the mortgage. You will not be in-eligible for the loan just because of a high land value. give me a call at 484-331-2436 if you want to discuss this in more detail.Leo J Harvey, Gateway Funding DMS