Requirements for a Utah Reverse Mortgage
There are no special requirements for a Utah Reverse Mortgage. As long as you have equity in your home, are 62 years old or older, you can qualify for a reverse mortgage.
You don’t need to have income or any special financial requirements including a certain credit score. A reverse mortgage is simply a tool to pull the equity out of your home without having to sell it outright.
If you’re brand new to reverse mortgages, you should speak with both a loan officer by contacting us toll free at 800-893-9540 as well as a 3rd party counselor who will advise you on whether or not a reverse mortgage is right for you and your situation. The counselors you’ll speak with will also advice you on alternatives to reverse mortgages.
We understand that many seniors find themselves in a situation in which a reverse mortgage may be an ideal situation. A reverse mortgage is not for everybody which is the reason we’ll coach you through the process and work with you on finding the right solution for your exact situation. Complete our form on the right side of this page and we’ll contact you with all the information you’ll need to get started.