Can we apply for a reverse mortgage if our manufactured home is on leased land

No such thing... You have to own the land and the manufactured home has to be newer than 1978, and be properly "Affixed" to the land, or ground set.. and an Affidavit of affixture would have to be done by an FHA approved engineer. This is what is required to do a reverse mortgage on a manufactured home.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

from our experiences you have to own the land....maybe an excepttion if the lease is long term

I would have to say no.

Not likely. If it's not permanently affixed to land, you basically own a big car as far as lenders are concerned. You'll need to check with one of the finance companies that specialize in manufactured homes, but I would be surprised if they had anything like a reverse mortgage.