Page 15 - AAG094_B2C AAG Advantage Jumbo Booklet

To qualify for the Advantage, you must:

Be 55* years or older

Own a high-value home (exceeding the FHA home value limit of $822,375 in 2021)

Live in the home as your primary residence

Have no mortgage or have a small mortgage relative to home value
that your Advantage will pay off before disbursing your loan proceeds

Undergo a financial assessment to ensure your suitability for the loan and your
ability to comply with the loan terms, including ongoing home maintenance and

payment of your property taxes and home insurance

Complete a counseling requirement confirming your understanding of how a
reverse mortgage works and your options and ongoing obligations under the loan

*The Advantage product options have a minimum age requirement of 55 in all states, with the exception of NY, and WA in
which the minimum age is 60, and UT, NC, and TX in which the minimum age requirement is 62.