Reverse Mortgages on Mobile Homes: What Retirees Need to Know
By Tyler Plack
Tyler Plack is the President of South River Mortgage. Tyler holds an active FHA Direct Endorsement (DE) underwriting certification and is the author of The Retirement Solution: Maximizing Your BenefitTyler is a seasoned entrepreneur and real estate investor renowned for his expertise in reverse mortgages and his commitment to addressing seniors' equity challenges. Tyler brings a unique perspective to his ventures, having built several successful companies throughout his career. His insights are frequently sought by industry publications, where he is recognized for his vast knowledge in the realm of reverse mortgages.
An avid investor in income-producing properties, Tyler is dedicated to helping seniors navigate their financial needs with compassion and expertise. When Tyler is not helping solve America's retirement crisis, he is a skilled pilot flying airplanes for fun.
Can You Get a Reverse Mortgage on a Mobile Home?
If you’re a senior homeowner living in a mobile or manufactured home, you might wonder if a reverse mortgage is an option for you. After all, reverse mortgages can unlock valuable cash for retirement, but eligibility requirements for mobile homes are more specific than for traditional homes.
If you’re new to this type of loan, start with our reverse mortgage basics guide for a clear overview before diving into mobile home-specific details.
This guide will break down everything you need to know about reverse mortgages on mobile homes — from qualifications to potential benefits and challenges — so you can make an informed decision with confidence.
What Is a Mobile or Manufactured Home?
Before diving into reverse mortgage specifics, it’s helpful to clarify what qualifies as a mobile or manufactured home.
Mobile homes, often built before June 15, 1976, were constructed under older HUD standards. Manufactured homes are those built after this date under the HUD Code, which sets construction and safety standards.
Are Mobile and Manufactured Homes Eligible for Reverse Mortgages?
The good news is yes — you can get a reverse mortgage on a manufactured home if it meets certain criteria. However, classic mobile homes built before 1976 typically do not qualify for federally insured Home Equity Conversion Mortgages (HECMs).
Key Eligibility Requirements for Reverse Mortgages on Mobile Homes
To qualify for a reverse mortgage on a mobile or manufactured home, your property must:
- Be built after June 15, 1976, conforming to HUD’s manufactured housing construction code.
- Be classified as real property — meaning it’s permanently affixed to land that you own.
- Have a foundation that meets FHA guidelines to ensure stability and safety.**
- Be your primary residence where you live most of the year.
Meet all local zoning and building codes
**One of the biggest hurdles for mobile home owners seeking a reverse mortgage is the foundation. The home must be permanently attached to a foundation that complies with FHA guidelines — this typically means a permanent concrete or masonry foundation.
Benefits, Challenges and Considerations of Reverse Mortgages on Mobile Homes
So, if your mobile or manufactured home qualifies, you can enjoy many of the very same benefits as traditional homeowners like: Access tax-free cash from your home’s equity, no monthly mortgage payments required, flexibility to use funds for healthcare, home improvements, bills, or travel and the ability to stay in your home and age in place.
Thinking about relocating or upgrading your property instead? You might consider a Reverse Mortgage for Purchase as an alternative path to stay mortgage-free in a new home.
But these also come with potential challenges and considerations.
There are some additional factors mobile home owners should keep in mind:
- Many mobile homes do not meet FHA construction or foundation standards — which can disqualify them.
- Mobile homes are often valued lower than traditional homes, which affects loan amounts.
- If the home is on leased land (like a mobile home park), reverse mortgages usually aren’t available.
- It’s critical to work with a reverse mortgage lender who understands mobile home requirements.
Steps to Take If You Own a Mobile Home and Want a Reverse Mortgage
- Confirm the year your home was built (post-1976 is required).
- Check if your home is permanently attached to an FHA-approved foundation.
- Verify that the home is your primary residence.
- Contact a trusted reverse mortgage specialist to evaluate your eligibility and loan options.
Why Work With South River Mortgage?
At South River Mortgage, we specialize in reverse mortgages and know the ins and outs of mobile home financing. We provide personalized guidance to help seniors determine the best solution for their unique situation.
Our experienced team will walk you through requirements, paperwork, and next steps — so you can unlock your home’s equity with confidence.
For a full breakdown of the upsides and risks of reverse mortgages, explore our simple pros and cons guide for seniors.
Reverse mortgages on mobile homes are possible but come with specific requirements that must be met. Understanding those rules is the first step to making an informed decision that benefits your retirement goals.
If you’re considering a reverse mortgage on your mobile or manufactured home, get in touch with South River Mortgage today. We’re here to help you explore your options without pressure, just clear answers.
Ready to learn more? Contact South River Mortgage to schedule a free consultation with a trusted advisor.
📘 Want to Learn More About Reverse Mortgages?
Download our free ebook and get a complete, easy-to-understand guide to reverse mortgages — including how they work, who qualifies, and how they can support your retirement goals.
Whether you’re just starting your research or ready to take the next step, this resource is designed to give you clarity and confidence.
No strings attached — just helpful insights from the experts at South River Mortgage.
