What programs are you looking for?
Not sure what your question is.. what is your goal? 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. 480-287-5714 WilliamAcres.com
If you own a home with a mortgage balance less than 50% of the current value of the home, and you have a family member such as a parent over 62, who lives with you in the home, they may be able to help you qualify for a reverse mortgage. If this sounds workable, call me at 503-620-2239.
Age has nothing to do with it. Assuming your SSI is permanent, then it can be used to qualify you for a mortgage. Work with a local Mortgage Banker/Broker rather than one of the big banks or big national mortgage factories. Unlike a bank employee, who is most likely just an order taker, a Mortgage Broker/Banker is Trained, Tested and Licensed in all aspects of Mortgage Origination. We have access to loan products of MANY lenders as well as grant programs designed to assist first time home buyers. But more importantly, we are trained to take a look at the various different options available to you and guide you into the one that makes the best sense for your situation. Don't forget to check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950
Are you speaking of commercial real estate or residential, because If you are the answer would be yes!
If you are speaking regarding commercial real estate the answer is yes.!
No, there are no programs that work like Reverse Mortgages for people under 62.
If you are looking for a reverse mortgage type of program, unfortunately the answer is no. Do you own the home outright or do you have a mortgage on it? You should contact a Lender 411 mortgage professional in your area, she/he will be able to answer your questions and give you some guidance. Good Luck.
are you are asking about some kind reverse loan for Disabled Americas ??
Hi, Everyone who offered an answer with regards to reverse mortgages are correct. However, age nor where you derive income from could be discriminated against when applying for any mortgage. That said, there are many options for people who own homes. If you'd like to explore this option further, some of those that responded already are licensed in Ohio, as am I. You could give anyone a call to figure out what options, if any, are available. Regards, Kimberly A Lawson T: 888-659-3848 (NMLS: 5601 OH.LO.004495.000) First Priority Financial 748 N Court St Ste 201 Medina, OH 44256 (MBMB.850147.001 NMLS 3257)
Currently there are not any mortgage programs similar to a reverse mortgage for borrowers that are under the age of 62.
As long as your income is sufficient you will qualify for any loan progrram avaialble to anyone.
Ask our community a question.