Home Loans and Mortgages as a Senior Citizen

Sometimes buying or selling homes can pose many different and important choices. It can be difficult to make these huge, long-term decisions as a senior. There is a very helpful article that we recommend you turn to:

A Senior Citizen's Guide to Home Loans and Reverse Mortgages - JVM Lending

Can an individual ever be too old to buy a home? The answer is an emphatic no; you're never too old to buy a home. If you have the money, or qualify to get a home loan, there is no age limit for buying a new home.

In this article, they start by looking at the most common hurdles: predictable, regular income streams, narrow availability of homes that meet your mobility needs, realtors that aren’t up for the job, and more.  They then address the question: Can you even get a 30-year mortgage as a senior? Finally, they cover the types of mortgages commonly marketed to seniors and talk about some of the financial mistakes that retirees make.

At United Energy Workers Healthcare and Four Corners Health Care, we are proud to provide no-cost home healthcare services to DOL EEOICPA/RECA beneficiaries. If you are interested in learning more about what we can do for you and your family, we are always here to explain your options to you. For immediate assistance, please do not hesitate to contact our team today.

United Energy Workers Healthcare does not discriminate and does not permit discrimination, including, without limitation, bullying, abuse or harassment, on the basis of actual or perceived race, color, religion, national origin, ancestry, age, gender, physical or mental disability, sexual orientation, gender identity or expression or HIV status, or based on association with another person on account of that person’s actual or perceived race, color, religion, national origin, ancestry, age, gender, physical or mental disability, sexual orientation, gender identity or expression or HIV status.  

To be eligible for EEOICPA/RECA benefits, an individual must have been employed at a covered Department of Energy facility, an approved atomic weapons facility, or at a permitted beryllium vendor. An individual must also have one of the covered conditions because of exposure to radiation, beryllium, or silica while employed at an accepted facility. In addition, uranium miners, millers, and ore transporters are eligible for benefits if they develop an illness because of exposure to toxic substances (such as radiation, chemicals, solvents, acids, and metals) and worked at a facility covered under RECA. Eligibility requirements vary by location and condition.