Can You Get a Reverse Mortgage on a Manufactured Home?

Key Takeaways:

  • To qualify for a reverse mortgage on a manufactured home, you must be 62+, own the home, it must meet HUD standards, and be on a permanent foundation.
  • Manufactured homes must comply with HUD’s construction and safety standards, including being built after June 15, 1976, and attached to a permanent foundation.
  • Apply for a reverse mortgage by researching lenders, attending HUD counseling, gathering documents, and undergoing a home appraisal and financial assessment.

Navigating the world of reverse mortgages can be daunting, especially if you own a manufactured home. As a real estate agent with 5 years of experience, I understand your concerns and want to help you make informed decisions.

This guide will walk you through the steps to get a reverse mortgage on your manufactured home to confidently secure your financial future. Let's dive in and simplify the process together.

Understanding Reverse Mortgages

Reverse Mortgage

What is a reverse mortgage?

A reverse mortgage is a special type of loan for homeowners aged 62 and older. It lets you convert part of your home's equity into cash without selling your home or making monthly mortgage payments. Learn more about reverse mortgages here.

How does a reverse mortgage work?

With a reverse mortgage, the lender pays you money based on your home's equity. You can receive this money as a lump sum, monthly payments, or a line of credit. The loan is repaid when you sell the home, move out, or pass away.

Are there specific requirements for obtaining a reverse mortgage?

Yes, there are specific requirements:

  • Age: You must be at least 62 years old.
  • Primary Residence: The home must be your primary residence.
  • Property Type: The home must meet certain standards, such as being a single-family home or a HUD-approved manufactured home.
  • Financial Assessment: You must undergo a financial assessment to ensure you can afford property taxes, insurance, and maintenance.

Requirements for Manufactured Homes

Manufactured Homes

What are the eligibility criteria for a reverse mortgage on a manufactured home?

To qualify for a reverse mortgage on a manufactured home, you need to meet these criteria:

  • Ownership: You must own the home and it should be your primary residence.
  • Age: All borrowers must be at least 62 years old.
  • HUD Approval: The U.S. Department of Housing and Urban Development (HUD) must approve the home.
  • Permanent Foundation: The home must be on a permanent foundation.
  • Built After June 15, 1976: Homes built before this date do not qualify.

Do manufactured homes need to meet specific construction and safety standards?

Yes, manufactured homes must meet specific standards:

  • HUD Code Compliance: The home must comply with HUD’s Manufactured Home Construction and Safety Standards.
  • Foundation Requirements: The home must be affixed to a permanent foundation as per local regulations.
  • Condition: The home should be in good condition, without significant structural issues.
  • Location: The home must be located on a property that you own or in an approved manufactured home park.

HUD Guidelines and Regulations

Guidelines and regulations

What role does HUD play in reverse mortgages for manufactured homes?

The U.S. Department of Housing and Urban Development (HUD) oversees the reverse mortgage program, ensuring that it is safe and beneficial for homeowners. HUD sets the rules and guidelines for reverse mortgages, including those for manufactured homes, to protect borrowers and lenders.

How does HUD ensure the safety and compliance of manufactured homes for reverse mortgages?

HUD ensures safety and compliance through the following measures:

  • Construction Standards: HUD sets and enforces the Manufactured Home Construction and Safety Standards, ensuring homes meet quality and safety requirements.
  • Foundation Requirements: Homes must be on a permanent foundation to qualify, ensuring stability and safety.
  • Approval Process: HUD requires an inspection and certification process for homes to ensure they meet all standards before approving a reverse mortgage.
  • Ongoing Compliance: Homeowners must maintain the property in good condition and adhere to all HUD guidelines throughout the reverse mortgage.

Alternatives to Reverse Mortgages for Manufactured Homes

Home Equity Loans

A home equity loan allows you to borrow against the equity you've built up in your manufactured home. Unlike a reverse mortgage, you receive a lump sum that you must repay with regular monthly payments over a set period, usually with a fixed interest rate. This can be a good option if you need a large amount of money upfront and can manage the repayment terms.

Personal Loans and Their Pros and Cons

Personal loans are another alternative to reverse mortgages. These are unsecured loans that you can use for various purposes, including home improvements or debt consolidation.


  • Flexibility: Can be used for any purpose.
  • Quick Access: Often have faster approval and funding times compared to other loan types.
  • No Collateral Required: Unlike home equity loans, personal loans don't require your home as collateral.


  • Higher Interest Rates: Generally have higher interest rates compared to home equity loans.
  • Shorter Repayment Terms: Typically have shorter repayment periods, which means higher monthly payments.
  • Impact on Credit: Missing payments can negatively affect your credit score

Related Post:

How Can You Do A Reverse Mortgage On A Mobile Home?

Can You Negotiate a Reverse Mortgage Payoff?

How Does a Reverse Mortgage Work in Kansas?

What is a Jumbo Reverse Mortgage Loan?

Is Reverse Mortgage Taxable Income?

Can You Get a Reverse Mortgage on a Condo?

How To Apply for a Reverse Mortgage Loan here.

Reverse Mortgage Qualifications

Reverse Mortgage fees and costs.

The Impact of Reverse Mortgages on Inheritance

How To Use Reverse Mortgage Proceeds

How To Maintain Your Home With A Reverse Mortgage


Getting a reverse mortgage on a manufactured home can seem complicated, but understanding the process helps. We've covered the basics, requirements, HUD's role, and alternatives.

Ensure you meet the criteria and your home complies with HUD standards. Consult a financial advisor or real estate professional for guidance.

Taking these steps will provide peace of mind and financial stability.

Contact us to start your home-buying & selling journey in South Central Kansas area

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Frequently Asked Questions(FAQs)

Q: Can I get a reverse mortgage on a manufactured home?

A: Yes, it is possible to get a reverse mortgage on a manufactured home, also known as a mobile home.

Q: What are the requirements for getting a reverse mortgage on a manufactured home?

A: To be eligible for a reverse mortgage, the manufactured home must meet specific guidelines set by lenders and the Federal Housing Administration (FHA).

Q: How do I apply for a reverse mortgage on a mobile home?

A: To apply for a reverse mortgage on a mobile home, you will need to work with a lender that offers home equity conversion mortgages (HECMs) for manufactured homes.

Q: What is a home equity conversion mortgage (HECM) for a reverse mortgage?

A: A HECM is a type of reverse mortgage that allows homeowners to convert the equity in their home into cash.

Q: What is the process to take a reverse mortgage on a manufactured home?

A: To take a reverse mortgage on a manufactured home, you must meet the eligibility requirements, apply for the loan, and go through the approval process with the lender.

Q: Can I get a reverse mortgage on a manufactured home located on leased land?

A: Yes, it is possible to get a reverse mortgage on a manufactured home that is situated on leased land, as long as the property meets the necessary criteria.

Q: Who determines if a manufactured home is eligible for a reverse mortgage?

A: Lenders and the FHA determine if a manufactured home meets the requirements for a reverse mortgage loan.

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