I have come across a lot of questions lately regarding reverse mortgages and manufactured/mobile homes. Many people think these types of properties do not qualify. Reverse mortgages can be done on manufactured/mobile homes, but there are some conditions that apply.

Here's some information about what's needed to qualify for a reverse mortgage for these types of properties:

* The home must have been built after 1976

* The home must be permanently attached to a foundation

* The home must be a least a double wide

* an appraisal will be needed

* a structural engineering report must be completed

* The land the property sits on must be owned.

As with conventional reverse mortgages, the following also applies:

* The borrower must be at least 62

* The property must be a primary residence

* Any current liens on the property must be paid

* Any outstanding Federal liens must be paid

* Title to the home is always retained by the borrower.

Also, if you live away for 6 months of the year, and do not rent your property during your absence, you can still qualify for a reverse mortgage on your manufactured home.