Not Every Person in Can Apply for a Reverse Mortgage There are particular standards you need to satisfy in order to be qualified for a reverse mortgage. The most widespread kind of a reverse mortgage is called a Home Equity Conversion Mortgage (HECM). The Federal Housing Administration (FHA), a segment of the Department of Housing and Urban Development (HUD), insures HECMs. Note: This site provides information about HECMs, which are the most common form of reverse home mortgage. To qualify and apply for a reverse mortgage in : • You are required to be at least 62 years of age. • Your property must be your main residence. • You…