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Kentucky Reverse Mortgage Lenders

Kentucky is home to a lot of major auto manufacturing, energy fuel production, and medical facilities. Many seniors are looking into HECM/reverse mortgage as a way to pull out cash through the equity in their houses. he more populated cities popular among seniors are: Louisville, Lexington, Bowling Green, Owensboro, Covington, Richmond, Florence, Georgetown, Henderson, Elizabethtown and Frankfort.

How to Qualify for a Reverse Mortgage in Kentucky?

Seniors looking to qualify for a Kentucky reverse mortgage should take realize that no income or credit history factor into qualifying for a reverse mortgage. However, this may change as the government is currently looking into ways to factor in a senior's ability to be current on property taxes and insurance. The government is considering revamping guidelines to use income as a qualifying metric in 2013. There are still a few requirements that borroweres must meet. different types of reverse mortgages such as the HECM Saver and HECM Standard.

Reverse Mortgage Lenders in KY

American Founders Bank

Laryssa McConnaughhay
859-523-2464 x301

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