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What types of property can qualify for a reverse mortgage?

Last Updated: August 11, 2011

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The types of properties that meet the requirements are single-family homes, some condominiums, manufactured homes, townhouses, and one- to four-family owner-occupied residences. For additional information, read "Is a Reverse Mortgage Right for You?" at: Is a Reverse Mortgage Right for You? This publication is a basic introduction to reverse mortgages. It covers how much money can be accessed, qualifications, counseling sessions, providers, costs, advantages, disadvantages, and additional sources of information. We would like your feedback on this Personal Finance Frequently Asked Question.

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