It’s pretty well known that reverse mortgages have a minimum “youngest borrower” age of 62. Texas has some rather unique restrictions on mortgages, not sure who, if anyone writes reverses there.
According to the Office of Consumer Credit Commissioner (http://www.occc.state.tx.us/pages/consumer/education/RevMortArt.htm) “To be eligible for a reverse mortgage, a borrower must be 62 or older, own the home outright (or have a low loan balance), and have no other liens against the home.”
Texas Lending (http://www.texaslending.com/reverse-mortgages/) states that: “All borrowers must be 62 or older. Subject property / home must be the primary residence.”
I believe that the age requirements will exclude quite a few of the buyers.