Are all types of homes eligible under the reverse mortgage program?
No. Your home must be a single family dwelling or your own two-to-four unit property. Townhouses, units in FHA-approved condominiums, detached homes and some manufactured homes are also eligible. It is possible for condominiums to qualify under the Spot Loan program. The home must confirm to HUD minimum property standards and be in a reasonable condition. Home repairs in some cases can be made after the closing of a reverse mortgage Florida. How do I assess my situation? You can assess the different reverse mortgages Florida absolutely free. You can use the no-obligation computerized comparison of the available plans. Just fill out the free analysis form and we will contact you shortly. You can also call us up at 407.774.0112. How much money can I get from my home? The money you can borrow depends on your age, the current interest rate, other loan fees, and the appraised value of your home or FHA’s mortgage limits for your area, whichever is less. Generally, you can borrow more if your
