3. Can I apply if I didn't buy my present house with FHA mortgage insurance? Yes. While your property must meet HUD minimum property standards, it doesn't matter if you didn't buy it with an FHA-insured mortgage. Your new HUD reverse mortgage will be a new FHA-insured mortgage loan.   Back to "Top Ten Things to know if you're interested in a reverse mortgage".       Home | About your credit rating | Real estate services | FAQ | Contact us Apply Online | About us |Privacy| Security | Licensing | Tools & Calculators Foreclosure | Credit Lines | Interest rates | Programs | News | Careers Newport Bay Mortgage, Inc. 800-779-2200    Newport Bay Mortgage, Inc. and its subsidiaries are Equal Housing Lenders. ©2005 Newport bay Mortgage, Inc. and Newport bay Realty. Trade/Service marls are the sole property of Newport Bay Mortgage, Inc. and or its subsidiaries. All rights reserved. If you use pop-up blocker, you should disable it while using our sites. If you have cookies disabled, you may need to enable them. Please read our privacy and security policies prior to entering any of our sites. Newport Bay Mortgage, Inc. and Newport Bay Realty are licensed with the California Department of Real Estate. ã All Rights Reserved. Copyright 2005