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raybegin · Joined: 02 Sep 2010 Posts: 1 1.00 Dollars($)

I have a new 2005, manufactured home, no mtg, in a land owned co-op, in Bradenton, Florida. Value $175K. I am told that reverse mortgages are now being written on this type of home but I need a lender. Any help to finding a lender would help!

jameshogg · Posted: Thu Sep 02, 2010 10:20 pm Post subject:

Hi raybegin,

Manufactured homes qualify for a reverse mortgage. You should contact the local lenders and apply for a reverse mortgage. If you're 62 years of age, you would be able to qualify for it. This community has a large number of lenders. You should seek a no obligation free mortgage quote from them and check out whether or not you would get a loan.

Thanks

Guest

What I am looking for are some lenders in the my area of FL. I am 71 years old.

smithsussane · Posted: Fri Sep 03, 2010 9:43 pm Post subject:

Hi Begin!

Welcome to forums!

You can contact the local lenders in your area and check out if they can help you with a reverse mortgage. Your property should be free and clear of any other liens when you apply for a reverse mortgage. Moreover, it should be your primary residence.

Feel free to ask if you've further queries.

Sussane

Guest

Hi while some Manufactured homes qualify for a Reverse Mortgage and coops too, Coops are not approved for Florida yet.

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