A Reverse Mortgage is available for:

• Single family homes
• 2- 4 unit homes so long as one unit is owner-occupied
• Many condominiums and planned unit developments (property must be on the FHA approved condo list)
• Some manufactured homes
• While Cooperatives were been approved in January 2009, the HECM guidelines have not yet been published making the approval meaningless.

Reverse Mortgages are not available for rental properties of more than four units, commercial property, second (or vacation) homes, mobile or manufactured homes not attached to a permanent foundation, homes on leased land and agricultural property.