Reverse mortgage on solely owned home
Reverse mortgage on solely owned home
Want to take out RM on August 19, 2014 on sole property in California. This is a manufactured home of 2800 sq. ft. on 17 acres of oceanview property.
2 Answers
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If the home is FHA eligible (permanently attached to a foundation) then you may be ok provided you are at least 62
the draw back is that at 62 the amount you will get is minimal - the older you are the more you will receive
Brian Barnes
ENGLending
50 States Lender
1
We offer REVERSE mortgages on manufactured homes. Feel free to contact me through my profile or call 800 315 8803