Documents needed for a Reverse Mortgage loan

The following checklist of documents is our basic list of what is required for each reverse mortgage loan file that is needed to process and underwrite a loan that has to go to the underwriter.


Counseling Certificate – Must be signed by the counselor and by each borrower

Loan application for Reverse Mortgage Loans

The loan application will be done over the phone after the counseling has been completed and the certificate has been issued.

ID (2 forms of ID)

Income documents:


Nearest Living Relatives

Mortgage Statement from current mortgage Loan(s) (if your home has a current mortgage not paid off).

Death Certificate (Of spouse – if applicable)

Property Taxes – Copy of most recent property Tax statement

Home Owners Insurance

Trust Documents (If planning on putting your home in a Trust)

Power of Attorney (If being used)

Credit Report Authorization

Letters of Explanations from your credit report (We will help with this after we pull your credit) will include the following items:

If you have had a Financial Hardship

If you haven’t been able to make any of the monthly or annual payments on your homeowners insurance or property taxes or HOA dues in the past 24 months.

Hardship documentation

If your Reverse Mortgage is a Refinance from a previous Reverse Mortgage


If you live in an HOA, contact information for the HOA presidency