If your property is a condominium you absolutely need FHA approval of your condominium association in order to obtain a reverse mortgage through FHA. Since FHA is pretty much the best program for reverse mortgages you will need it if as I stated the property is a condominium.
My company, Condo Approval Professionals LLC, specializes in assisting condominium associations become FHA approved. We have over 16 years of national condo project approval experience. If you have any question, please contact me at (847) 293-2962 or by e-mail at firstname.lastname@example.org.
Condo Approval Professionals LLC