Uploaded September 2026 | Updated September 2026, 1 day ago
How much income do you really need for a reverse mortgage? Usually less than you think. Full breakdown here: gibsonhomeloans.com/reverse-mortgage-income-requirements
I just finished the financial-assessment class for my Certified Reverse Mortgage Professional (CRMP) designation, and this is the thing people get backward more than anything else. Most people assume that if their income was too low for a regular mortgage, a reverse mortgage is off the table. It is usually the opposite.
A reverse mortgage does not use income the way a regular loan does. There is no debt-to-income ratio and no minimum salary. Because there is no monthly principal and interest payment, the loan runs a financial assessment that looks at your residual income, the money left after your property charges and normal living costs, and your history of paying property taxes and insurance. That is why plenty of people who cannot qualify for a regular mortgage on income still qualify for a reverse mortgage.
In this video I break down what the income requirements for a reverse mortgage really are, what counts as income, what residual income means, and why a low income often means a set-aside rather than a no.
Read the full guide: gibsonhomeloans.com/reverse-mortgage-income-requirements
If you have been told your income is too low, or you are a CPA or advisor with a client stuck on exactly this, let's talk. Call or text me at 720-449-6622.
Christopher Gibson, NMLS #1910430
C2 Financial Corporation, NMLS #135622
Licensed in Washington, Colorado, Texas, Florida, and Michigan.
This video is for educational purposes and is not a commitment to lend. Reverse mortgage borrowers must continue to pay property taxes, homeowners insurance, and any applicable HOA dues, and maintain the home.
How much income do you really need for a reverse mortgage? Usually less than you think. Full breakdown here: gibsonhomeloans.com/reverse-mortgage-income-requirements
I just finished the financial-assessment class for my Certified Reverse Mortgage Professional (CRMP) designation, and this is the thing people get backward more than anything else. Most people assume that if their income was too low for a regular mortgage, a reverse mortgage is off the table. It is usually the opposite.
A reverse mortgage does not use income the way a regular loan does. There is no debt-to-income ratio and no minimum salary. Because there is no monthly principal and interest payment, the loan runs a financial assessment that looks at your residual income, the money left after your property charges and normal living costs, and your history of paying property taxes and insurance. That is why plenty of people who cannot qualify for a regular mortgage on income still qualify for a reverse mortgage.
In this video I break down what the income requirements for a reverse mortgage really are, what counts as income, what residual income means, and why a low income often means a set-aside rather than a no.
Read the full guide: gibsonhomeloans.com/reverse-mortgage-income-requirements
If you have been told your income is too low, or you are a CPA or advisor with a client stuck on exactly this, let's talk. Call or text me at 720-449-6622.
Christopher Gibson, NMLS #1910430
C2 Financial Corporation, NMLS #135622
Licensed in Washington, Colorado, Texas, Florida, and Michigan.
This video is for educational purposes and is not a commitment to lend. Reverse mortgage borrowers must continue to pay property taxes, homeowners insurance, and any applicable HOA dues, and maintain the home.
