An ineligible non-borrowing spouse (NBS) is a spouse who will not be on the reverse mortgage and their age will not be used when determining the amount of proceeds for the borrowing spouse. To meet the requirements of an ineligible non-borrowing spouse, the NBS:
- Does not occupy the home (or will not if a purchase)
- Is not protected by the NBS due and payable deferral provisions
- Does not have his or her age included in the calculation of the borrower’s principal limit.