Arizona Reverse Mortgage

Sorry, we are no longer accepting applications for reverse mortgages in Arizona.

Arizona Reverse Mortgages have actually been around from 1961, in spite of this , not until 1988 did they attract recognition. While in 1988 the excitement associated with reverse mortgages throughout Arizona multiplied once the Federal Housing Authority [FHA] Insurance Program was signed into legislation and then in 1989; the 1st government guaranteed reverse mortgage was funded. Arizona residents that receive a HECM reverse mortgage can be reassured that they’ll never be upside down on their home.

First questions some seniors ask Reverse Mortgage Lenders:

Who is eligible for the Arizona Reverse Mortgage?

- Retirees age 62 and older.
- Individuals are required to own the house as the primary place of residence, or
- You may buy a home for your primary place of residence.

How come seniors ages 62 and older putting Arizona Reverse Mortgage Lenders to work more than ever prior?

- NO CREDIT SCORE and also Cash Requirements* is certainly one factor. Your Reverse Mortgage Company could certainly qualify an individual’s HECM reverse mortgage in accordance with how old you are along with your real estate equity. The more mature you might be, the more you qualify to receive. Please see the reverse mortgage Commonly asked questions page and see just what questions have been inquired about reverse mortgages.

- NO Regular Mortgage Payments furthermore you’ll be able to bequeath the equity to your beneficiaries can be another reason. Turn a part of the equity of your home towards cash without needing to move or even repay a mortgage every month.

Let us provide you a custom “Suitability Report” in order to determine if you qualify for a Arizona Reverse Mortgage.