HECM for Home Purchase
Use a HECM Reverse Mortgage to purchase your next home!
HECM for Purchase Guidelines (pdf format) | FAQs

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 More information on this legislation will appear here and on our |
