I do not respond to any telephone requests for money nor to ...Beware of reverse mortage scamsJacksonville Daily News, NC -6 hours agoThere are so many scams, some of them so sophisticated it's hard to recognize them as a scam. There is no upper age limit set by HUD for the borrower. Nor is there a certain income level that the borrower must achieve in order to buy a home at a certain price. And although income is certainly an important factor, it is simply one of the several determining factors which are used by the HUD to find whether the borrower will be able to repay the mortgage.