how old do you have to be to get a reverse mortgage

To be eligible for a reverse mortgage, you typically need to meet certain age requirements. In the United States, the minimum age for a reverse mortgage is generally 62 years old. This age requirement is based on the guidelines set by the U.S. Department of Housing and Urban Development (HUD) for the most common type of reverse mortgage, known as a Home Equity Conversion Mortgage (HECM).

The minimum age of 62 applies to all borrowers listed on the title of the home. If you have a spouse who is not yet 62, they may still be able to qualify as a non-borrowing spouse, allowing them to remain in the home if you pass away or move out permanently, as long as they meet certain criteria.

It’s worth noting that the specific age requirements may vary slightly depending on the country or the type of reverse mortgage program available. If you’re considering a reverse mortgage, it’s advisable to consult with a lender or a HUD-approved housing counseling agency to understand the age requirements and eligibility criteria applicable to your situation.


No, generally, you cannot get a reverse mortgage if you are under the age of 62. The minimum age requirement of 62 is a key eligibility criterion for most reverse mortgage programs, including the popular Home Equity Conversion Mortgage (HECM) in the United States.

The age requirement is in place because the purpose of a reverse mortgage is to provide income or a lump sum to seniors who have significant home equity and want to access that equity in retirement. The loan is repaid when the borrower(s) permanently move out of the home, sell the property, or pass away.

If you are under 62 and looking for alternative options to tap into your home equity, you may want to explore other possibilities such as home equity loans, home equity lines of credit (HELOCs), downsizing to a smaller home, or seeking financial advice from a professional to find suitable alternatives based on your specific circumstances.


As of my knowledge cutoff in September 2021, there are no private reverse mortgage options available for individuals under the age of 62 in the United States. Reverse mortgages, including Home Equity Conversion Mortgages (HECMs), are regulated by the Federal Housing Administration (FHA) and have age requirements in place to protect borrowers and ensure the sustainability of the program.

However, it’s important to note that the financial landscape is constantly evolving, and new products may become available over time. It’s worth staying informed about any updates or changes in the reverse mortgage market that could potentially offer alternatives for younger borrowers.

If you are under 62 and interested in accessing your home equity, it’s advisable to explore other options such as home equity loans, HELOCs, downsizing, or seeking advice from financial professionals to find suitable alternatives based on your specific needs and circumstances.