Would you advise a senior in their 60's or older to buy a home with less than 45,000 income?
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My first answer would be to look into a reverse mortgage to see if they can qualify for the loan. Based on the 45k income I would say that a reverse morrtgage MIGHT be the way to go as long as the rest of the package is good for the buyer. The amount of the down payment has a lot to do whether they should buy a home or not. The whole package has to be a good fit for the buyer otherwise no sale!