• Question
  • My home is a 16 x 72 ft Mfg's home &I own the 80 x 130 ft lot on which it sits. Do I qualify for a

    Asked by a 91 year old woman from Truth or Consequences, NM on 2/14/2013

    My home is a 16 x 72 ft Mfg's home &I own the 80 x 130 ft lot on which it sits. Do I qualify for a Reverse mortgage?

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  • Categories: Manufactured Homes, Reverse Mortgages, Housing

Answers

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  • It qualifies as long as it was manufactured after June 15, 1976, and is permanently attached to the ground, as per HUD's guidelines, and has never been moved.

  • Login to rate this answer:   Answered on 2/15/2013
**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.