Yes. It is expensive, but a great program for the right situation.

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May 6, 2015
12:40:34am

cougsrule

Yes. It is expensive, but a great program for the right situation.

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cougsrule

Bio page: cougsrule
Joined: Apr 9, 2009
Last login: May 2, 2024
Total posts: 6,407 (26 FO)

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Messages

Author

Time

Has anyone heard of FHAs Reverse Mortgage home Purchase program for 62 year olds

steve3125

5/6/15 12:38am

Yes. It is expensive, but a great program for the right situation.

cougsrule

5/6/15 12:40am

They say no credit requirement and only one person has to be 62

steve3125

5/6/15 12:44am

Yes. I do recommend having both being 62 and on the loan. If something where

cougsrule

5/6/15 12:48am

They say that a change was made so both the 62 and the younger are on the loan

steve3125

5/6/15 12:59am

I will double check. I haven't heard that.

cougsrule

5/6/15 7:52am

It is true I double checked myself

steve3125

5/6/15 10:56am

Be careful...the ineligible and eligible non-borrowing spouse is not as clear as

cougsrule

5/11/15 5:05pm

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