Chances are they are an approved HUD lender and can introduce you to a HUD-approved counselor who will be able to answer all your questions about reverse mortgages, how they work, if you qualify, and if a reverse mortgage is right for you.
HUD sets the lower income limits at 80% of the median income for the place (usually a county or metropolitan area) in which you live, while the "very low income" limit is set at no greater than 50% of the median income for the area.
The Department of Housing and Urban Development (HUD) provides information and training to homeowners, real estate professionals and lenders about home purchase, mortgage financing, down payment assistance and foreclosure avoidance.
Foreclosure Free Search - While this website appears to have free HUD home listings upon arrival and will even show you small descriptions with addresses in your area, not all are HUD homes and most are general bank foreclosures.
If you are interested in purchasing a HUD home, visit a Realtor you trust, contact the HUD office in your area or browse the free HUD homes listings available directly from the US Department of Housing and Urban Development.