Our Reverse Mortgage Blog

Currently, reverse mortgages can be done on any home that has the capability of having a mortgage placed on it. This would be single family homes, condominiums, manufactured homes on land, duplexes, triplexes, and fourplexes that are owner occupied by the senior.

Many lenders may do reverse mortgages, yet some lenders will still not do lending on manufactured homes, whether on land or in a park. This brings up a point...If you have a manufactured home that sits in a mobile home park where you do not own the land, it is not classified or taxed as real estate and therefore is not eligible for the reverse mortgage.

I will enter more information into the blog if and when I find a reverse for "in-park" manufactured homes.