Manufactured Home Mortgages

Once you have notified your Loan Officer that you'd like to pursue a reverse mortgage, he will generate a summary of the program for you to review and will give you instructions on calling a 3rd party reverse mortgage counselor.  There are a number of counselors to choose from and you will be provided a list of contact info for them.  Prior to moving forward with the reverse mortgage, this counseling is required to ensure you fully understand the pros and cons of the program.  Most clients elect to do the counseling over the phone, but you can request a face to face appointment as well.  Once the counseling is done, they counselor will send you a certificate of completion, which will need to be sent to your Loan Officer.  Once we have proof you've completed the counseling, we will finish up your application and get it out to you for signatures.  Once we have your application package signed and have any supporting documentation we might need from you, all of your documentation will be reviewed to ensure you're still qualified, and then we will order your appraisal, which is typically the only out of pocket expense.