Are reverse mortgage possible for mobile homes and the land?

It can be.. For a mobile home to be considered, it has to be 1978 or newer, double wide, and be architecturally attached with a certificate of affixture.. HECM's (reverse mortgage) are only for "Real Property".. Mobile homes that reside in a park where you don't own the land will not qualify since it's not considered real property.. Also, if you own the land but the trailer was not affixed according to HUD guidelines, then you wouldn't be allowed to do a HECM on it. I hope this helps.. 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, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Timothy, yes, a mobile home is acceptable collateral for an FHA reverse mortgage loan. Not all lenders allow it, but some do. There are some restrictions, such as age, how the home is affixed to the foundation, and if the home has ever been moved (other than from the dealer). I'm a reverse mortgage lender, in Texas. For details, call me at 214-360-9991.

Yes it can

I have been lending on manufactured homes and offering REVERSE mortgages since 1989. As long as you have at least 35% equity in you property and you are at least 62 years you may qualify for a reverse mortgage.Let's discuss your loan scenario in more detail. Contact me at 800 315 8803. My name is Jamie and I have been in the mortgage business since 1989. I am happy to answer your mortgage questions, 7 days a week and review your loan scenario. Until then, I look forward to hearing from you. Jamie Lynne - www.bartprequalifies.com - email Jamie@bartprequalifies.com - 800 315 8803