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age to qualify for HECM please

does co-signer have to be same qualifying age by mkearl673 from Litchfield Park, Arizona. Jun 10th 2019 Reply


Michael Rappaport (mrappaport@unitedmortgage.com)
#56 ranked lender in South Carolina - 13 contributions

minimum age for any borrower is 18

Jun 10th 2019
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

For reverse mortgages, you must be 62 years old. If only one borrower is 62, and the other is younger, then you can still do the loan, but you cannot add the younger borrower. Once the younger borrower becomes 62 or older, they can be added. Let me know if I can be of assistance.. I'm local and very versed in HECM's. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893

Jun 11th 2019
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