For starters, you’ll typically need to be a homeowner age 62 or older. However, Finance of America also offers exclusive options in certain states for homeowners as young as 55*. You’ll generally need about 50% equity in your home and must complete a financial assessment to ensure you can meet the loan’s terms. Additional requirements apply—speak with a loan officer for the complete list.
*Minimum age requirements vary by state and loan type. 62 is the minimum age for a HECM. Certain proprietary products have minimum ages as low as 55.
