If you’re thinking about a reverse mortgage but live in a manufactured home, you might have heard that it’s not possible. While some lenders may turn you away, that doesn’t mean the door is closed. In fact, there are clear guidelines that allow these homes to qualify—as long as they meet certain criteria.

Let’s explore how reverse mortgages work for manufactured homes, what requirements you’ll need to meet, and how you can move forward with confidence.

Why a Reverse Mortgage Can Work for Manufactured Homes

A reverse mortgage lets homeowners in Greenville SC convert a portion of their home equity into usable funds. This can help cover living expenses, medical bills, or even travel. Since there are no required monthly payments, it offers financial relief while you remain in your home.

Many people believe manufactured homes are excluded, but in reality, some homes do qualify. That’s why it’s so important to understand the requirements and avoid assuming you’re not eligible.

Read More Reverse Mortgage for Manufactured Homes: A Simple Guide to Your Options