Is Your Home Secretly Eligible Reverse Mortgage Calculator
How to Determine Eligibility
To be eligible for a reverse mortgage, you must meet several criteria. Firstly, you need to be at least 62 years old and own your home outright or have a low mortgage balance that can be paid off at closing with proceeds from the reverse loan. The home must be your primary residence, and you are required to maintain the property and pay property taxes and homeowners insurance1.