Posted on: 03rd Nov, 2009 03:44 pm
I would like to take out a reverse mortgage on my mobile home in a Mobile Home Park on rented land.
HUD doesn't allow any type of mortgage for homes on rented land, including Reverse Mortgages.
Hi kipperwitz!
Welcome to forums!
I agree with Raymond. Normally reverse mortgages are not available for mobile homes. If you had owned the land, then there would have been some chances of getting a reverse mortgage. Check out a discussion on Criteria for Reverse Mortgages on Mobile Home for more information on this issue.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
I agree with Raymond. Normally reverse mortgages are not available for mobile homes. If you had owned the land, then there would have been some chances of getting a reverse mortgage. Check out a discussion on Criteria for Reverse Mortgages on Mobile Home for more information on this issue.
Feel free to ask if you've further queries.
Sussane
