Jeremy BoillotNMLS #1208591
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PRE-QUALIFY

Pre-Qualify

Speak to a Local Mortgage Professional. No commitment. No impact to your credit score.

60-Second Loan Request

Reverse Mortgage Pre-Qualification

Speak to a Local Mortgage Professional. Get personalized loan options without any obligation.

  • No commitment required
  • No impact to credit score
  • Personalized loan options
  • Local mortgage experts
Pre-Qualify

See what you may qualify for

Ten quick questions. No credit pull, no obligation.

Jeremy personally reviews every request. 60-minute response times during operating hours.

Step 1 of 1010%

What is the age of the youngest homeowner?

How it works

What does reverse mortgage pre-qualification tell you?

Pre-qualification tells you whether you are likely to meet the basic reverse mortgage requirements and gives a rough idea of the funds you may be able to access. It is based on what you tell us, so it is an estimate, not an approval.

The amount available on a Home Equity Conversion Mortgage (HECM) mainly depends on the age of the youngest borrower, your home’s value, current interest rates and how much you still owe. Jeremy uses your answers to explain the options and the next steps.

How is pre-qualification different from approval?

Pre-qualification is an informal estimate; approval comes only after a formal application is verified. On a home purchase loan, that verified step is usually called pre-approval. With a reverse mortgage, the formal process starts after HUD-approved counseling and includes a credit review, a financial assessment of how you have handled property taxes and insurance, an appraisal and title work.

Want the full picture first? Read the reverse mortgage overview.

What will we ask you?

  • The age of the youngest homeowner
  • Where the home is located
  • The type of home: single family, townhouse, condominium or multi-family
  • Why you are considering a reverse mortgage
  • How soon you would like to start
  • Any military service, in case a VA option is worth comparing
  • Your estimated property value
  • How much is still owed on the home
  • Your name, email and phone number

Who can qualify for a HECM reverse mortgage?

  • The youngest borrower is 62 or older
  • The home is your primary residence
  • You have enough equity that any existing mortgage can be paid off with the loan proceeds or other funds at closing
  • The property is an eligible type, such as a single-family home, a 2–4 unit home you live in, an FHA-approved condominium or a qualifying manufactured home
  • You can keep paying property taxes, homeowners insurance and any HOA dues, and keep the home in good repair
  • You complete a counseling session with a HUD-approved counselor before applying
Common questions

Reverse mortgage pre-qualification questions

No. Pre-qualification is an informal first look based on the answers you give. You can stop at any point, and nothing is final until you complete counseling, apply, and sign at closing.

No. This form does not pull your credit. A credit report is reviewed later, as part of the formal application and the financial assessment.

The youngest borrower must be at least 62 for a HECM. If your spouse is younger, they may still be protected as an eligible non-borrowing spouse, which can allow them to remain in the home under HUD rules. Ask about your situation before you apply.

HECM counseling is a required session with an independent, HUD-approved housing counselor who explains how the loan works, the costs, and alternatives. You receive a certificate when it is complete, and the lender needs it before your application can move forward. Some agencies charge a fee for the session.

Often, yes. Many borrowers use reverse mortgage proceeds to pay off their existing mortgage, which removes the monthly payment. The remaining balance must be paid off at or before closing, so the amount you owe affects what is left for you.

Yes. A HECM for Purchase lets borrowers 62 and older buy a new primary residence with a reverse mortgage and a down payment, with no monthly mortgage payment afterwards. Taxes, insurance and upkeep still apply.

Reverse mortgage proceeds generally do not affect Social Security or Medicare. They can affect needs-based benefits such as Medicaid or SSI, so speak with a benefits advisor about your situation.

This is general information, not a commitment to lend. Reverse mortgage borrowers must remain in the home as their primary residence, pay property taxes, homeowners insurance and HOA dues, and maintain the home. All loans are subject to credit approval and program guidelines.

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