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can a single adult male qualify for a reverse mortgage?

by rickbottrichard502 from Grand Prairie, Texas. Aug 5th 2016 Reply


William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,414 contributions

Yes.. so long as you are at least 62 or older and have sufficient equity in your home.. Try contacting a local RM specialist in your area.. they can put together some preliminary numbers for your consideration.. if you want an estimate.. you can go to http://www.reversemortgage.org/About/Reverse-Mortgage-Calculator and enter in your info to get a fairly accurate estimate.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Aug 5th 2016
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Sara Deere (Saraloveshomeloans)
#39 ranked lender in Kansas - 532 contributions

Absolutely! You must be at least 62 years old or turn 62 years old within three months. Movement Mortgage has a Reverse Mortgage division and we have mortgage loan originators available in TX. Things has changed within the last two years in regards to the Reverse Mortgage loan program. You will have to show two identification documents, bank statements, tax returns--if you file them, and a couple more documents that help show your current financial situation. The mortgage loan originator will also pull your credit. For a purchase or refinance loan from start to finish takes anywhere from 20-45 days to complete. If you would have more questions, I can help get you connected with one of our TX mortgage loan originators.

Aug 5th 2016
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Michael Garza (michael.garza@rate.com)
#253 ranked lender in Texas - 21 contributions

You sure can. We would need to qualify you much like you would a forward mortgage including reviewing credit, employment, etc. I am located in Austin, TX and licensed to help all individuals in Texas. Please let me know if you would like to discuss further. Thank you,Mike Garza 512-638-6506, mgarza@myamcap.com

Aug 5th 2016
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