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Frequently Asked Questions
Q: What types of properties are eligible?
A. An eligible property must be your principal residence, and can be a single-family residence; a one- to four-unit dwelling with one unit occupied by you, the borrower; certain types of manufactured homes or mobile homes, FHA approved condominiums, and planned unit developments. Cooperatives are generally not eligible for a reverse mortgage. Your property must meet FHA minimum property standards.
Related Links
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