Most of the time, a Deed in Lieu of Foreclosure is done at the end of the loan when borrowers enter assisted living and credit is no longer a facto.   Lenders don't even report reverse mortgages to credit repositories.  However, if you do a Deed in Lieu of foreclosure early simply because you no longer wish to live in your location and then seek other financing on another property later, there is no way to determine how a new lender would look at that later.