Bert Carpenter (BertCarpenter)
#3 ranked lender in Arizona - 1,731 contributions
Based on the information you provided, probably not at this time. Reverse Mortgages generally lend between 50 & 60% of the appraised value. The rest is a reserve from which the accrued interest gets paid from. The great part about reverse mortgages is the borrower need not document any income at all to qualify, just sufficient equity in the home.