Reverse mortgage on a mobile home

Constructed after June 15, in conformance with the Federal Manufactured Home Construction and Safety Standards, with the proper certification label affixed.


Mortgage must cover both the manufactured unit and its site, and cannot have a term of more than 30 years after the ammoritization begins. The finished grade elevation beneath the manufactured home or, if a basement is used, the grade beneath the basement floor shall be at or above the year return frequency flud elevation.

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Additional mortgagee letter topics include the underwriting eligibility, loan closing, warehouse lines-of-credit, and data quality, again for manufactured homes. Skip to main content.

can I get a reverse mortgage on a mobile home -

Reverse mortgages. Owning your home outright means you do not have a mortgage on it anymore. If you have a mortgage balance, you must be able to pay it off when you close on the reverse mortgage.

Other home equity options A home equity loan or a home equity line of credit might be a cheaper way to borrow cash against your equity. Refinancing By refinancing your current mortgage with a new traditional mortgage, you may be able to lower your monthly mortgage payments.

Downsizing Consider selling your home.

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    Getting a Reverse Mortgage on a Manufactured Home

    Currently qualifying mobile homes in a park deemed as Condoland are not eligable for a reverse mortgage. Reverse mortgages allow seniors who own their homes and have equity built up to access the equity without having to worry about mortgage payments and or selling the home. This will free up your cash flow — allow you to keep more of your money in your pockets — while keeping ownership of the home and never having to make monthly mortgage payments.

    Reverse loans require the home to be larger than a single wide single wide manufactured homes will not qualify. Even if yours is classified as a super singlewide, the reverse mortgage will not work.

    HUD FHA Reverse Mortgage for Seniors (HECM)

    Doublewides or triplewides are needed to make the loan work for you. If your home was placed on its original site, and then bought used and moved to its current site, it is ineligible for a reverse mortgage. The home must be placed on its original site and left there. Interest on the HECM loan is the same for manufactured homes click on the link above and you will be taken to our rates page — you can select both a fixed or adjustable rate.

    Below is a link for our HECM calculator it works the same way for manufactured homes — the tricky part here is to make sure the actual property meets the guidelines — then if you are ready we can assist you in receiving multiple quotes.