Finance (alternative)
A Maryland borrower seeking a reverse mortgage must be at least:
A55 years old
B62 years old✓ Correct
C65 years old
D70 years old
Explanation
FHA Home Equity Conversion Mortgages (HECMs) — the most common type of reverse mortgage — require borrowers to be at least 62 years old.
Related Maryland Finance (alternative) Questions
- Maryland's Department of Housing and Community Development (DHCD) administers the Maryland Mortgage Program, which primarily assists:
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