If you are aged 62 or over, you may have heard of the Reverse Mortgage Purchase or HECM for Purchase program where you can purchase a home utilizing a down payment and a reverse mortgage and never make a payment on the home.  The HECM for home purchase is a FHA Insured and HUD regulated mortgage product that over 11,000 people have used!!!  ​​​​​​​

Reverse Mortgage for Purchase Real Estate Consultant​​​​​​​

Reasons to Consider a HECM for Purchase

Whether moving closer to children and grandchildren or maintaining relationships with siblings or other relatives, many retirees are searching for the perfect location.​​​​​​​  The reverse mortgage purchase may be the perfect product to make it happen.

Move Closer to Family

Quality may mean a better floor plan, such as a single-story residence that eliminates stairs, or simply enjoying the benefits of a more high-end, energy-efficient home.​​​​​​​  Utilizing a reverese mortgage purchase works for many.

Rightsize Into a New Home

Many older homeowners are ready to give up the hassle of yard work, exterior home repairs and other necessary maintenance in favor of a community that provides these services.​​​​​​​  See if a reverse mortgage purchase can make it happen.

Live the Lifestyle You Want

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Eligibility Requirements

Homeowner must remain current on property taxes, homeowner’s insurance, HOA dues and routine home maintenance


Must be 62 years of age or older


Home being purchased must be the primary residence


No Builder or Seller concessions allowed


Competitive fixed rate and adjustable rate mortgage available


The amount of money qualified for depends on age, home value and interest rate at the time of the loan


Limited income and credit requirements


Borrowers will go through a Financial Assessment to ensure the reverse mortgage will be feasible for them and that they will be able to meet the mandatory requirement to keep their property taxes, homeowner’s insurance and HOA dues current


New Construction – Certificate of Occupancy must be issued prior to application


Non-Recourse Loan: Borrower will never be personally liable for more than the home’s value at the time of sale and cannot leave themselves or their families in debt