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You must be at least 62 years old. In the case of a couple or co-owners, both must be 62 if their names appear on the title to the home. |
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You must have equity in your home. You may qualify even if you have an outstanding mortgage balance.
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You must reside in a single family dwelling, townhouse, condominium, detached home, or certain manufactured homes.
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1-4 family, co-op, second homes and "Gentleman" farms are also eligible for some programs. |