Can we qualify for a Reverse Mortgage with little or no equity?

You will need to contribute to the shortage when signing the closing paperwork from verified funds.

Sara has answered your questioned. If you think you may have sufficient funds to bring in then it may be worth your getting qualified by a reverse mortgage specialist licensed in California. At least in regards to an FHA reverse mortgage, it could be worthwhile being able to stay in your home for the remainder of yours and perhaps a spouse's lifetime. If you would like, I can connect you with our reverse mortgage specialist, since I no longer do the loans as part of my mix of residential loans.