• Question
  • requirements for reverse mortgage

    Asked on 2/8/2010

    ? reverse mortgage available if mobile home is owned & in co-op. both are paid in full. located in winterhaven fl in gated senior park

  •  
  • Categories: Coops and Condos, Reverse Mortgages

Answers

Toll Free 866-477-0404
  • Get a FREE 1-on-1 phone
    consultation with this advisor
  • Reverse Mortgages aren't available for co-ops at this time. However, they will be available sometime in the future - we're waiting for HUD to release the Mortgagee Letter that authorizes co-ops (we've been waiting since July 31, 2008).

  • Login to rate this answer:   Answered on 3/12/2010
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.