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what is minimum fico needed for reverse mortgage thank you

by fred.suzanna.r197... from Terre Haute, Indiana. Jan 22nd 2014 Reply


Richard Airey (richardairey)
#3 ranked lender in Maine - 662 contributions

Reverse mortgages do not take FICO scores into account. Your credit score is irrelevant for a reverse mortgage. Hope this helps.

Jan 22nd 2014
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Dave Metsker (DaveMetsker)
#37 ranked lender in Oregon - 2,317 contributions

One of the advantages of a reverse mortgage is that there is no minimum credit score requirement. The loan will be approved based on the appraised property value, the age of the youngest borrower (must be 62+) and the amount owed on the existing mortgage. For a no-obligation pre-approval, contact me, Dave Metsker, at primefinancial@frontier.com, or toll-free at 1-855-620-2239. I am a full-time Reverse Mortgage specialist, and will give you the best possible service available

Jan 22nd 2014
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Florian Steciuch (RevereseMortgagePro)
#42 ranked lender in Indiana - 22 contributions

Currently there are no FICO score requirements. However, we anticipate a financial assessment in the next few months that may make it more difficult to secure a reverse mortgage. Feel free to email me any questions: florian@allmoneywise.com thank you.

Jan 22nd 2014
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,707 contributions

Credit or credit scores are not considered when it comes to a reverse mortgage.. you only have to show you have sufficient income to pay your property taxes and insurance, and must be 62 years or older.. 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

Jan 22nd 2014
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Robert Hanson (rhanson)
#38 ranked lender in Maryland - 646 contributions

As indicated there is no credit score requirement for a reverse mortgage at this time. I'm happy to help with the financing or just give you advice. If you need more information, or a competing rate quote call, email or use my live support button to discuss or get in touch with me. Web Address is: http://www.loansfromrob.com/quote/ Email is robertlh66@verizon.net and direct phone is 240-752-7549. Good Luck -- Rob Hanson

Jan 22nd 2014
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Gus Dahlgren (gdahlg_811_422)
#33 ranked lender in Michigan - 48 contributions

There is no minimum credit score required. Please call me for more information.Thanks,Gus Dahlgren517-489-2440

Jan 22nd 2014
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Timothy Howard (timehoward)
#70 ranked lender in Utah - 154 contributions

I love Terra Haute!! Go Sycamores!!! My home town! As stated by many below, you do not need any credit scores...just make sure you have enough equity in your home to make it worth while!

Jan 22nd 2014
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