Browsing Tag:Requirement

reverse-mortgage-funding-lowers-age-requirement-to-55-for-its-proprietary-reverse-mortgage-product-fairness-eliter
Generation X members can now qualify for reverse mortgages at this lower age limitBLOOMFIELD, NJ / ACCESSWIRE / September 1, 2021 /Reverse Mortgage Funding, LLC (RMF), one of the nation's leading reverse mortgage lenders, today announced a significant improvement in its own reverse mortgage product, Equity Elite®. The increase lowers the minimum age for homeowners applying for this...
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hud-waives-lawful-residency-requirement-for-fha-insurance-coverage-weiner-brodsky-kider-pc
On January 19, 2021, HUD Deputy Secretary Brian Montgomery approved the deletion of a provision in FHA Single Family Housing Handbook 4000.1 that states, in a move that will significantly affect the eligibility of DACA recipients for FHA insurance, Non-US citizens that are legally resident in the US are not eligible for FHA-insured mortgage loans.Mr. Montgomery stated that the...
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