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what credit score is needed for a reverse mortgage

mine is 710 and my husband's is 657. we are both over the age of 62.
By ursula.parks79423979 from CT Jun 5th 2014
Reply

If your using FHA for your reverse mortgage, there is no minimum credit score requirements.. You need to have sufficient equity in your property, and you have to have sufficient income to show you can maintain the property and pay the taxes and insurance when it comes due.. other wise, it's a pretty easy loan to qualify for. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres 480-287-5714 WilliamAcres.com

Jun 5th 2014

Hello, you would be fine with those credit scores. This is a very easy loan to qualify for. I would be happy to give you more information on reverse mortgages to see if this loan is right for you. I am local mortgage banker in CT. You can reach me any time thank you 203-530-2674 -Robert

Jun 5th 2014

There is not a credit score to qualify-We are a community bank here in CT and offer reverse mortgages.Please email me at pbass@nvsl.com for more information

Jun 5th 2014

No credit score is needed

Jun 5th 2014

There is no minimum credit scoreWe are a local mortgage banker in CT would be glad to have one of our specialist contact you

Jun 5th 2014

no credit score is necessary, you or your and your husband must be age 62 and have equity in your home. How much you can get depends on the appraised value, the interest rate and your life expectancy. If you would like at quote, please call me at 203-846-8975 or email me at jjlasko at msn com

Jun 9th 2014

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