Can I Get a Reverse Mortgage on a Mobile Home?

Our content may contain affiliate links. If you click a link and make a purchase, we may receive compensation at no added cost to you. We work hard to provide great resources and information. We appreciate your support!

Can I get a reverse mortgage on a mobile home? Absolutely! However, there are some basic requirements that your mobile home must meet to qualify. We’ll cover what those are here. 

If you’re the owner of a manufactured or mobile home, you’ve probably already noticed how difficult it is to get a mortgage. Mortgage lending for mobile homes is a specialized market that not all mortgage lenders participate in. The lenders that do often have stringent underwriting requirements that can make it difficult to qualify.

You may be pleasantly surprised to learn that, yes, you can get a reverse mortgage on a mobile home. There are a few different reverse mortgage available, but the most common one is the home equity conversion mortgage, or HECM.

What we’ll cover here will be relevant to the HECM. Other reverse mortgage products may disallow mobile homes or have different eligibility requirements.

If you’d like some great information about how the HECM works, check out our article here.

Basic mobile home requirements

The HECM is an FHA-insured mortgage product, so your mobile home must meet FHA lending requirements. According to the guidelines, your home:

  • Must have been built after June 15, 1976. This is when mobile home construction was standardized via the Manufactured Home Construction and Safety Standards.
  • Must be installed in it’s original location. Mobile homes moved from their original location are not eligible.
  • Must be on a permanent foundation that meets HUD guidelines.
  • Must be classified and taxed as real estate by your county.
  • Must have permanent skirting around the home.
  • Must have HUD tags or data plates.
  • Must be at least a doublewide.
  • Must have the axles removed.

Any additions must meet the standards of your county and HUD. Other requirements may apply, but these are the most important ones. If your mobile or manufactured home meets the above criteria, it’s a good bet it will qualify.

Can I Get a Reverse Mortgage on a Mobile Home?

So, can I get a reverse mortgage on a mobile home? Absolutely! As long as your home meets the above criteria, you should be able to find a lender willing to work with you.

Again, not all lenders lend on mobile homes. The big national reverse mortgage lenders usually do. But if you’d prefer to work with a small local lender, you may need to do some digging to find somebody willing to work with you.

Free Downloadable Reverse Mortgage Calculator

Click here to download your own FREE Excel-based reverse mortgage calculator. Find out just minutes from now how much you may be able to get from a reverse mortgage. Download your free calculator >