Reverse mortgages historically have been only offered through FHA and for many years, seniors who lived in Condos were eligible to use one for their particular unit, even if the project was not approved by FHA. But 10 years ago, "spot Condo checks" were eliminated, shutting out many seniors who could not get the loan because their Condo project was not on the Approved FHA list. But that is about to change. Read more here. https://www.reverseloanconsultant.com/
Reverse Mortgage Calculator provided by Lorraine Jones.
The calculator below provides an estimate of what you could receive.
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Condos and Reverse Loans
Can I Help You with Reverse Mortgage Questions?
This reverse mortgage calculator provides a general estimate of what you may receive.
However, there may be a variety of options based on your unique circumstances. I would be happy to provide a more specific and accurate quote based on your situation and goals.
Click here to Request a Quote.