There exists a common misconception that a reverse mortgage can be used to fix a home, with no further clarification.

If you are interested in an FHA reverse mortgage, and your property has a well or septic tank, there are some specific requirements you will need to be aware of.

Some of the common complications regarding appraisals on rural properties include excess acreage, multiple buildings, and uncommon property type.

Some lenders don’t do reverse mortgage loans on manufactured homes at all. The good news is that there are plenty of lenders that do allow manufactured homes, and the property type is definitely acceptable to HUD—with some exceptions.