Will Reverse Mortgage Underwriting Disqualify Borrowers With Boarders?

Reverse Mortgage Daily Reverse Mortgage Daily speaks with Rebecca Sheppard, program director for homesharing at St. Ambrose Housing Aid Center in Baltimore, about how Shared Housing affects reverse mortgage underwriting.

“With new underwriting requirements emerging among reverse mortgage lenders that consider a borrower’s income and credit history, a particular segment of the reverse mortgage borrowing population may become ruled out: those who rent rooms or space to family members or others but don’t declare the rental income.”

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