What types of homes are eligible for a reverse mortgage?

October 27, 2015 2:27 pm Published by Comments Off on What types of homes are eligible for a reverse mortgage?

Single-family homes, detached homes, townhouses and two-to-four unit properties that are owner occupied as primary residences are eligible for a reverse mortgage. Condominiums must be FHA approved and some manufactured homes are also qualified, but must meet FHA guidelines.