Reverse Mortgage Information


Minimum Age For a Reverse Mortgage


What is the minimum age for a reverse mortgage?

Happy Birthday Master

62 is the answer.  In fact, all persons on title must be 62 years of age or older. 

Sometimes this leads to the question, “What if I’m 62 and my spouse is younger, can I just get the reverse in my name?”  Technically it can be done but carries a large risk in my opinion.    What risk you ask?  Basically if the senior borrower passes away the loan becomes due and payable leaving the remaining person with 6 months to a year to figure out how to pay off the loan. I’ll give a more detailed explanation of the risks associated with removing a younger spouse from title just to get a reverse in my next post.





By Deborah Nance


Your Local Southern California Reverse Mortgage Professional

How Much Do You Qualify For?

Click the Learn More Button below to email me a question.



Equal Housing Lender

iReverse Home Loans, LLC, NMLS#810502 originates reverse mortgages in Alabama, Alaska, Arizona (MB-0919584), California, Colorado, Connecticut, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Massachusetts, Minnesota, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Oregon (ML-5378), Pennsylvania, South Dakota, Tennessee, Texas, Utah, Vermont (1164-MB), Virginia, Washington and Wisconsin. 

Important Information: Reverse Mortgages are neither "endorsed" nor "approved" by the Federal Government. The FHA (Federal Housing Administration) provides certain insurance benefits for lenders and borrowers in connection with the lender’s HECM loans; the FHA does not make or originate loans. The owner(s) retain title to the property that is the subject of the reverse mortgage until the person sells or transfers the property and is therefore responsible for paying property taxes, insurance, maintenance and related taxes. Failing to pay these amounts or failure to maintain the condition of your property may cause the reverse mortgage loan to become due immediately. A reverse mortgage is a complex loan secured by your home. Whether such mortgage makes sense for you depends on your financial situation and needs. For these reasons, we strongly recommend that you consult with a qualified independent housing counselor, family members and other trusted advisers before making this decision. This website is not from HUD or FHA and was not approved by HUD or any government agency.

Comment balloon 2 commentsDeborah Nance • November 11 2010 12:50PM


I dont know anything about reverse mortgages so could you explain little more.  If two people on a title are of age 62 or older when they close on reverse mortgage and one pass it away sometime later on the clause of full payment due does not apply?  What if the second person is younger than 62 when they sign the contract but when the older person pass it away after younger person turns 62 does this clause still applies?

Posted by Andrzej Niemyjski (Realty One Group) almost 9 years ago

Hi Debra,

Good info from you as always.

Btw, I came across a property not long ago that had both a mother and son on title and the loan, although he was 55 at the time the loan was originated. Not sure how that one squeaked by and I wouldn't have believed it myself, had I not seen a copy of the deed of trust with signatures.

Posted by Lynda Eisenmann, Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co (Preferred Home Brokers) almost 9 years ago

This blog does not allow anonymous comments