Reverse Mortgage Funding, LLC (RMF) will be lowering its minimum eligible age for its Equity Elite proprietary reverse mortgage product suite to 55, making it the only product in the American reverse mortgage industry that can be offered to people under the age of 60 across 19 eligible states and the District of Columbia. The idea is to broaden the potential borrower base particularly to seniors who live in age-restricted communities for people 55 and older, as well as to begin the reverse mortgage industry’s eventual preparation for serving borrowers in the younger “Generation X” cohort born between 1965 and 1980, depending on one definition. A byproduct of the offering is the fact that members of the Generation X cohort — which had only just begun to qualify for other proprietary options this year, as previously explored on RMD — will now become more instantly accessible to RMF through its Equity Elite program if they choose to seek out reverse mortgage options. Since older members of Generation X are preparing for retirement, their levels of home equity are very high and speaks to the potent opportunity that exists for RMF to lower the age of eligibility. It also goes beyond the bounds of RMF as a company, however, and serves as a move that can potentially provide a boon to the wider industry.