Application
If you’re a homeowner interested in applying for a reverse mortgage, talk to Brian
Dawson for solid, knowledgeable and ethical advice. He asks the questions that
will help the borrower determine their ideal loan arrangement. To get
started with a free, customized quote on a loan, visit Brian's Contact page. There is no
application fee.
The following documentation is needed to complete a loan application:
- Evidence of Date of Birth – Copy of Drivers License or DMV Identification
Card - Evidence of Social Security Number – Social Security or Medicare card
- Mortgage statement or name of the lender and loan number, if applicable
- Complete copy of Living Trust, if applicable, including Schedule A and
notarized pages - Homeowner’s Insurance declaration page
- HUD Counseling Certificate (see Counseling page)
If the borrower’s home is a condominium which is not currently FHA Approved,
there are certain additional documents required.
Documents needed for FHA Condominium Approval (Existing Construction)
- Recorded Plat Map indicating legal description
- Recorded Covenants, Conditions and Restrictions (CC&Rs)
- Signed and adopted by-laws
- Articles of Incorporation filed with the State
- Recorded Condominium Site Plans
- Plan or Evidence of Transfer of Control
- Proposed or Actual Budget
- Reserve Study
- Management Agreement, if applicable
Once Brian has received the required information, the loan
processors open escrow, order the title work and order an appraisal of your
home.
For a detailed timeline and next steps to the completion of a Reverse
Mortgage, visit the Timeline page.