Hipotecas Reversas Requirements & Eligibility
Everything you need to know to qualify for Hipotecas Reversas
Quick Requirements
Key eligibility criteria at a glance
Detailed Eligibility Requirements
Credit Score Requirements
Credit score requirements for Hipotecas Reversas vary by lender. Contact us for specific qualification criteria.
Down Payment
Hipotecas Reversas requires a minimum down payment of 0%. This means you can finance 100% of the home purchase price.
Eligible Property Types
- Vivienda unifamiliar
- Condominio
- Casa adosada
- 2-4 unidades
Documentation Typically Needed
- Government-issued photo ID
- Social Security number
- Pay stubs (last 30 days)
- W-2 forms (last 2 years)
- Tax returns (last 2 years)
- Bank statements (last 2-3 months)
- Proof of assets and investments
- Employment verification
Why Choose Hipotecas Reversas?
Elimina los pagos mensuales
Procedimientos libres de impuestos
Opciones de disposición flexibles
Permanece en su hogar
Protección de no recurso
Característica de crecimiento de la línea de crédito
How to Improve Your Eligibility
Steps you can take to strengthen your application
Improve Your Credit Score
Pay down existing debts, make all payments on time, and avoid opening new credit accounts before applying.
Save for a Larger Down Payment
A larger down payment can offset credit concerns and may help you avoid mortgage insurance.
Lower Your Debt-to-Income Ratio
Pay off credit cards, car loans, or student loans to reduce your monthly obligations.
Gather Documentation Early
Having all required documents ready speeds up the process and shows lenders you are serious.
Get Pre-Approved
Pre-approval shows sellers you are a serious buyer and gives you a clear picture of what you can afford.
Trusted by Homebuyers Nationwide
Real reviews from borrowers who qualified with NMHL
Ready to See If You Qualify?
Apply in minutes and our team will review your eligibility
