Below are the preliminary items needed to go forward with the Reverse Mortgage process:
- Current Mortgage Statement(s) (if applicable)
- Copy of Homeowners Insurance
- Statements for any payoffs
- Social Security Award Letter (if applicable)
- Income and Asset Statements. 1099, W-2, 401k, etc. (all pages)
- Bank Statement(s) (if applicable, all pages of latest 2 consecutive months)
- Full copy of Trust, POA and Conservatorship document (if applicable)
- Copy of Driver’s License
- Copy of Social Security Card
- *Verify Hot Water Heater is double-strapped
- *Verify Carbon Monoxide/Smoke Detectors are installed
- Note: During the underwriting process, underwriter may request additional documents