A reverse mortgage allows homeowners aged 62+ to access home equity without monthly loan payments. But can you get a reverse mortgage loan for an investment property you own instead of your primary residence? There are some key eligibility requirements and considerations regarding using investment properties for reverse mortgages that need examination.
Investment properties generally do not qualify for reverse mortgages
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In summary, while criteria varies by lender, investment properties often do not meet eligibility requirements to qualify for reverse mortgage loans which are intended for primary residences. But there may be some exceptions under certain conditions.