Here’s a rundown of the reverse mortgage forms and documents you may need to apply for a reverse mortgage with Capital Funding:
Reverse Mortgages are highly complex financial agreements, and it helps to have your documents at the ready when you apply.
Primary documents
- Reverse mortgage application
- Reverse mortgage counseling certificate
Home documents
- Deed or title (Escrow/Title Company)
- Current mortgage statements
- Home equity loan or home equity line of credit statements
- Proof of satisfaction of mortgage (Escrow/Title Company)
- Property tax statements and receipts
- Homeowners insurance policy and statements
- Home maintenance documentation (Appraisal)
- Proof of occupancy (Annual Statement)
- Homeowners association documentation
- Home survey documents (Appraisal)
Personal identification
- Driver’s license
- Social Security card
- Other ID documents
Proof of income
- Social Security awards letter
- 401(k) account statements
- Pension plan statements
- Recent income tax returns (If Applicable)
- Recent W-2s or 1099s (If Applicable)
Assets
- Bank statements
- Savings
- Stocks and other investments
- Annuities
Proof of financial hardship
- Medical documentation
- Statements for unpaid accounts
- Budget showing current expenses (If Applicable)
Legal documents
- Spouse's death certificate (If Applicable)
- Durable power of attorney documentation
- Conservatorship documents
- Trust agreement
Different programs require varying amounts of documentation. The loan program you select may require more or less documentation. Please contact us for a free, no-obligation consultation.
