{"id":1082,"date":"2015-05-30T21:10:35","date_gmt":"2015-05-30T21:10:35","guid":{"rendered":"http:\/\/teammovemortgage.com\/?p=1082"},"modified":"2020-07-13T22:34:48","modified_gmt":"2020-07-13T22:34:48","slug":"property-types-reverse-mortgage","status":"publish","type":"post","link":"https:\/\/teammovemortgage.com\/blog\/property-types-reverse-mortgage\/","title":{"rendered":"Property Types Allowed for Reverse Mortgages by Seniors and Retirees"},"content":{"rendered":"<figure id=\"attachment_24\" aria-describedby=\"caption-attachment-24\" style=\"width: 300px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-24 size-medium\" src=\"https:\/\/teammovemortgage.com\/blog\/wp-content\/uploads\/2015\/04\/slide3-300x142.jpg\" alt=\"Acceptable property types for reverse mortgages\" width=\"300\" height=\"142\" \/><figcaption id=\"caption-attachment-24\" class=\"wp-caption-text\">Acceptable property types for reverse mortgages<\/figcaption><\/figure>\n<p>A <a href=\"http:\/\/teammovemortgage.com\/reverse-mortgages-nc-sc\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"text-decoration: underline;\">Reverse Mortgage<\/span> <\/a>can be a great financial tool in today&#8217;s 62 and older population, allowing seniors to live a well deserved, comfortable life in the home they choose.\u00a0 When choosing the home to be financed with a reverse mortgage, there are restrictions on which type of homes could be financed.<\/p>\n<h3><\/h3>\n<h3><\/h3>\n<h3>Eligible Property Types for <a href=\"http:\/\/teammovemortgage.com\/reverse-mortgages-nc-sc\/\"><span style=\"text-decoration: underline;\">Reverse Mortgages<\/span><\/a>:<\/h3>\n<ul>\n<li>Single family homes<\/li>\n<li>Planned Unit Developments (PUD&#8217;s)<\/li>\n<li>Two to four unit properties (one unit must be owner occupied)<\/li>\n<li>HUD-Approved Condos &#8211; Look up HUD approved condos here<\/li>\n<li>Manufactured homes built after June 15, 1976 with approved foundations<\/li>\n<\/ul>\n<h3>Ineligible Property Types for <a href=\"http:\/\/teammovemortgage.com\/reverse-mortgages-nc-sc\/\"><span style=\"text-decoration: underline;\">Reverse Mortgages<\/span><\/a>:<\/h3>\n<ul>\n<li>Co-ops<\/li>\n<li>Second or vacation homes<\/li>\n<li>Boarding houses<\/li>\n<li>Bed and breakfasts<\/li>\n<li>Manufactured homes built prior to June 15, 1976 or on leased land<\/li>\n<\/ul>\n<p>If you have questions about <a href=\"http:\/\/teammovemortgage.com\/reverse-mortgages-nc-sc\/\"><span style=\"text-decoration: underline;\">Reverse Mortgages<\/span><\/a>, <a href=\"http:\/\/teammovemortgage.com\/contact-us\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"text-decoration: underline;\">Contact Team Move<\/span> <\/a>today.<\/p>\n<p><strong><em>Team Move\u00a0lends in\u00a0areas such as Wilmington, Leland, Hampstead, Jacksonville, Camp Lejeune, Whiteville, Shallotte, Southport, Elizabethtown, Lumberton, Fort Bragg, Pope Air Force Base, Fayetteville, Rockingham, Raleigh, Garner, Smithfield, Clayton, Goldsboro, Charlotte, Greensboro, Winston-Salem, Durham, Chapel Hill, Burgaw, Castle Hayne, Holden Beach, Supply, Ocean Isle Beach, Sunset Beach, Hubert, Tabor City, Carolina Beach, Kure Beach, Laurinburg, Topsail Beach, North Topsail Beach, Surf City, Sneads Ferry, Richlands, Wrightsville Beach, New Bern, Oak Island, Saint James, Wallace, Sanford, Pittsboro, Apex, Cary, Raleigh, Holly Springs, Fuquay Varina, Siler City, Southern Pines, Aberdeen, Pinehurst, Whispering Pines, Vass, Spring Lake, Fayetteville, Lillington, Hope Mills, Dunn, Angier, Smithfield, as well as the rest of NC.\u00a0 North Myrtle Beach, Myrtle Beach, Conway, Loris, Little River, Longs, as well as the rest of South Carolina and Virginia.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Reverse Mortgage can be a great financial tool in today&#8217;s 62 and older population, allowing seniors to live a well deserved, comfortable life in the home they choose.\u00a0 When choosing the home to be financed with a reverse mortgage, there are restrictions on which type of homes could be financed. Eligible Property Types for [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":24,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[57,33,17,191,40],"tags":[55,56,58,362,10,12,13,310,18,188,189,190,363,311,192,20,21],"class_list":["post-1082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-condos","category-frequently-asked-questions","category-products","category-reverse-mortgages-retirement-living","category-tips","tag-approved-condos","tag-condominiums","tag-condos","tag-hecm","tag-homebuyers","tag-lumberton-board-of-realtors","tag-mortgage-faqs","tag-pinehurst-southern-pines-association-of-realtors","tag-realtors","tag-retired","tag-retirees","tag-retirement-home","tag-reverse-mortgages","tag-sanford-area-association-of-realtors","tag-senior-citizens","tag-team-move","tag-wrar"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Property Types Allowed for a Reverse Mortgage Cover Most Properties<\/title>\n<meta name=\"description\" content=\"Most property types are allowed on reverse mortgages. Besides being a principal residence and being in good condition, there are requirements.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/teammovemortgage.com\/blog\/property-types-reverse-mortgage\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Property Types Allowed for a Reverse Mortgage Cover Most Properties\" \/>\n<meta property=\"og:description\" content=\"Most property types are allowed on reverse mortgages. Besides being a principal residence and being in good condition, there are requirements.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/teammovemortgage.com\/blog\/property-types-reverse-mortgage\/\" \/>\n<meta property=\"og:site_name\" content=\"Team Move Mortgage Blog\" \/>\n<meta property=\"article:published_time\" content=\"2015-05-30T21:10:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-07-13T22:34:48+00:00\" \/>\n<meta name=\"author\" content=\"Russell Smith\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Russell Smith\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/property-types-reverse-mortgage\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/property-types-reverse-mortgage\/\"},\"author\":{\"name\":\"Russell Smith\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#\/schema\/person\/fbcb9952207d77d752ba9074b82fad37\"},\"headline\":\"Property Types Allowed for Reverse Mortgages by Seniors and Retirees\",\"datePublished\":\"2015-05-30T21:10:35+00:00\",\"dateModified\":\"2020-07-13T22:34:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/property-types-reverse-mortgage\/\"},\"wordCount\":282,\"publisher\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/property-types-reverse-mortgage\/#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"approved condos\",\"condominiums\",\"condos\",\"HECM\",\"Homebuyers\",\"Lumberton Board of Realtors\",\"Mortgage FAQ's\",\"Pinehurst Southern Pines Association of Realtors\",\"Realtors\",\"retired\",\"retirees\",\"retirement home\",\"reverse mortgages\",\"Sanford Area Association of Realtors\",\"senior citizens\",\"Team Move\",\"WRAR\"],\"articleSection\":[\"Condos\",\"Frequently Asked Questions\",\"Products\",\"Reverse Mortgages - Retirement Living\",\"Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/property-types-reverse-mortgage\/\",\"url\":\"https:\/\/teammovemortgage.com\/blog\/property-types-reverse-mortgage\/\",\"name\":\"Property Types Allowed for a Reverse Mortgage Cover Most Properties\",\"isPartOf\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/property-types-reverse-mortgage\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/property-types-reverse-mortgage\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2015-05-30T21:10:35+00:00\",\"dateModified\":\"2020-07-13T22:34:48+00:00\",\"description\":\"Most property types are allowed on reverse mortgages. 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