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Eligibility Calculator
We evaluate if you are eligible for a reverse mortgage loan using three variables:
Home Owner's Age
To qualify for a HECM, you must be over age 62 on the loan’s closing date (or age 602 for Equity Elite). The older you are, the more funds are available to you.
Home Value
This is the amount that your home is worth. If you’re not sure, type in your best estimate.
Mortgage Balance
This is the amount that you have left to repay in mortgages and liens on your home. The less money you owe, the more of your home’s equity is available for you to access.
We look at property information to give you an estimated amount of what you may be eligible to receive.
The amount that is available generally depends on four factors: your age, the current interest rate, the appraised value of the home, and government-imposed lending limits.
By clicking "CALCULATE YOUR ELIGIBILITY", you are providing your signature and express "written" consent to be contacted by or behalf of Reverse Mortgage Funding LLC, its affiliates and/or its agents (collectively Company) at the telephone, email or mailing address that you have provided for purposes of fulfilling this inquiry about reverse mortgages and/or the Company's products or services, even if you have previously registered on a "do not call" government registry or requested Company to not send marketing information to you by email and/or direct mail. You agree that the Company may use automatic telephone dialing systems and prerecorded voice messaging in connection with calls or texts made to the telephone number you provide even if the telephone number is assigned to a cellular or mobile telephone service or other service for which the called party is charged. You understand that you are not required to consent to receiving autodialed calls or texts as a condition of any reverse mortgage and/or purchasing any Company products or services. If you do not wish to authorize Company to contact you in this manner, you can call 888-277-3617 to complete your request. You understand that you can revoke this consent at any time.
CHECK ELIGIBILITY
* This material has not been reviewed, approved or issued by HUD, FHA or any government agency. The company is not affiliated with or acting on behalf of or at the direction of HUD/FHA or any other government agency.
1With this pricing option, borrower receives a lender credit covering nearly all closing costs. There is a non-refundable independent counseling fee of approximately $125 on average, which the borrower pays directly to the counseling agency. Terms and conditions apply. Not available in all states
2Not applicable in all states; some states may impose a higher age requirement. Visit www.reversefunding.com/equity-elite for details.