how old must i be for a reverse mortgage
1 To reduce their risk, lenders generally limit reverse mortgage loans to amounts that are below their estimate of the property's full value.  Age is an advantage when applying for a reverse mortgage. Borrowers must be at least age 62, and the older the homeowner is, the more money he or she would qualify for. For example, a 78-year-old borrower would qualify for a larger loan than a 62-year-old.