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HECM for Home Purchase

Use a HECM Reverse Mortgage to purchase your next home!

HECM for Purchase Guidelines (pdf format) | FAQs

hecm for home purchase

 

How will this work ?

When the Homeowner Rescue Act HR 3221 is fully implemented, qualifying senior homeowners will be able to use the FHA home equity conversion mortgage ( HECM) to buy a new home.

This works by using available reverse mortgage funds along with a downpayment to purchase the home.

And the best part of this arrangement is that there are:

NO payments

and

NO income or credit qualifications!

 

We provide a home purchase pre-qualification certificate for the next stage in your home purchase.

To find out more about the HECM for Purchase program, call us
on 1-(800)-266-9010 or fill in the form below.

More information on this legislation will appear here and on our
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