# What are the specific age and LTV limits for reverse mortgages?

> Reverse mortgages start at age 60 with ~20–25% LTV and scale to ~60% LTV at age 80+, priced 2–3% above conventional rates.

Category: Strategy
Last verified: 2026-04-14
Source: https://ratellow.com/faqs/strategy/what-are-the-specific-age-and-ltv-limits-for-reverse-mortgages

## Answer
| Criteria                        | Details                                |
|---------------------------------|----------------------------------------|
| Minimum Age                     | 60                                     |
| Starting LTV (age 60)           | Approximately 20-25%                   |
| Maximum LTV (age 80+)           | Approximately 60%                      |
| Interest Rate Differential      | Typically 2.0-3.0% above conventional rates |
| Payment Requirements            | No scheduled monthly payments           |

## Related guide
- https://ratellow.com/guides/senior-mortgage-retirement-income

## Sources
- FCAC Guide: Reverse Mortgages — https://www.canada.ca/en/financial-consumer-agency/services/industry/laws-regulations/guideline-existing-mortgage-loans-exceptional-circumstances.html#toc3
- B-20 Pension Qualification — https://www.osfi-bsif.gc.ca/en/guidance/guidance-library/residential-mortgage-underwriting-practices-procedures-guideline-2017#2.3.1