Probably not. In fact, in many cases a home must be at least one year old to qualify for a Reverse Mortgage.Some Mobile Homes are eligible for a Reverse Mortgage. In most cases, you must meet the following criteria:-- All borrowers must be over age 62 -- Own your land (technically also if they have 99 year lease) -- Home manufactured after June 15 1976 -- On a fixed foundation -- Must have a HUD (Department of Housing & Urban Development) Seal affixed to the manufactured home (this is done by the manufacturer, not a retrofit) -- Owner is willing to pay for a structural engineering report, which the property must pass (Costs range between $200-$500 depending upon location). However, I would suggest that you meet with a Reverse Mortgage lender before you commit any funds to updating your property.