Quick check: the basic HECM requirements

Six short questions about the main requirements for a HECM reverse mortgage. Your answers stay on your device; nothing is sent or saved.

This is education, not a loan decision. Only a lender can tell you whether you qualify, and HUD-approved counseling is required first.

1. How old is the youngest person on the home's title?

62 or older Under 62 Not sure

2. Is the home where you live most of the year?

Yes, it's my principal residence No, it's a second home or rental

3. Do you still owe money on the home?

No, it's paid off Yes, but much less than it's worth Yes, close to what it's worth Not sure

4. Could you keep paying property taxes, homeowners insurance and upkeep?

Yes Not sure That would be hard

5. How long do you plan to stay in the home?

Many years I might move in the next few years Not sure

6. What kind of home is it?

Single-family home 2–4 unit home, and I live in one unit Condominium or manufactured home Something else

See my summary