Reverse Mortgage Requirements & Reverse Mortgage Information 2026
How do you qualify for a reverse mortgage? Explore key reverse mortgage requirements for seniors, including age, equity, and property guidelines—all in one place.
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How Do You Qualify for a Reverse Mortgage?
To qualify for a reverse mortgage, you must be at least 62 years old and live in the home as your primary residence. You should also have significant equity built up—typically at least 50% ownership—though requirements may vary by lender. A financial assessment will review your ability to cover ongoing costs like property taxes, insurance, and maintenance. Meeting these criteria helps ensure that the loan remains in good standing and supports your financial goals during retirement.