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Do you have any programs for people younger than 62 that are on ssi and own a house

by twinpa_218_575 from Cincinnati, Ohio. Feb 21st 2013 Reply


Steven Ceceri (CreativeFinancingOptionsGroup)
#36 ranked lender in Massachusetts - 723 contributions

What programs are you looking for?

Feb 21st 2013
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

Not sure what your question is.. what is your goal? 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. 480-287-5714 WilliamAcres.com

Feb 21st 2013
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Dave Metsker (DaveMetsker)
#37 ranked lender in Oregon - 2,317 contributions

If you own a home with a mortgage balance less than 50% of the current value of the home, and you have a family member such as a parent over 62, who lives with you in the home, they may be able to help you qualify for a reverse mortgage. If this sounds workable, call me at 503-620-2239.

Feb 21st 2013
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Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 1,823 contributions

Age has nothing to do with it. Assuming your SSI is permanent, then it can be used to qualify you for a mortgage. Work with a local Mortgage Banker/Broker rather than one of the big banks or big national mortgage factories. Unlike a bank employee, who is most likely just an order taker, a Mortgage Broker/Banker is Trained, Tested and Licensed in all aspects of Mortgage Origination. We have access to loan products of MANY lenders as well as grant programs designed to assist first time home buyers. But more importantly, we are trained to take a look at the various different options available to you and guide you into the one that makes the best sense for your situation. Don't forget to check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

Feb 21st 2013
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roy laues jr (roylauesjr)
#40 ranked lender in Michigan - 4 contributions

Are you speaking of commercial real estate or residential, because If you are the answer would be yes!

Feb 21st 2013
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roy laues jr (roylauesjr)
#40 ranked lender in Michigan - 4 contributions

If you are speaking regarding commercial real estate the answer is yes.!

Feb 21st 2013
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Raymond Denton (Raymond)
#10 ranked lender in Ohio - 224 contributions

No, there are no programs that work like Reverse Mortgages for people under 62.

Feb 21st 2013
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Linda Miller (Linda Miller)
#1 ranked lender in Utah - 569 contributions

If you are looking for a reverse mortgage type of program, unfortunately the answer is no. Do you own the home outright or do you have a mortgage on it? You should contact a Lender 411 mortgage professional in your area, she/he will be able to answer your questions and give you some guidance. Good Luck.

Feb 21st 2013
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Peter Savino (855411LEND)
#100 ranked lender in New Jersey - 332 contributions

are you are asking about some kind reverse loan for Disabled Americas ??

Feb 21st 2013
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Kimberly Lawson (kilawson)
#54 ranked lender in Ohio - 150 contributions

Hi, Everyone who offered an answer with regards to reverse mortgages are correct. However, age nor where you derive income from could be discriminated against when applying for any mortgage. That said, there are many options for people who own homes. If you'd like to explore this option further, some of those that responded already are licensed in Ohio, as am I. You could give anyone a call to figure out what options, if any, are available. Regards, Kimberly A Lawson T: 888-659-3848 (NMLS: 5601 OH.LO.004495.000) First Priority Financial 748 N Court St Ste 201 Medina, OH 44256 (MBMB.850147.001 NMLS 3257)

Feb 21st 2013
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Jason Vondrak (jvondrak)
#216 ranked lender in California - 1,741 contributions

Currently there are not any mortgage programs similar to a reverse mortgage for borrowers that are under the age of 62.

Feb 21st 2013
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Joe Shamie (Joe Shamie)
#4 ranked lender in New Jersey - 1,412 contributions

As long as your income is sufficient you will qualify for any loan progrram avaialble to anyone.

Feb 21st 2013
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