Who qualifies for a reverse mortgage in Washington State?

To qualify for a reverse mortgage in Washington, you must be at least 62 years old, own the home as your primary residence, have substantial equity in the home (typically 50%+ equity or own it free and clear), and complete a HUD-approved counseling session before the loan closes. You must also remain current on property taxes, homeowner's insurance, and basic home maintenance. There are no income or credit score minimums for the HECM — the loan qualifies based on age, home value, and equity.