HECM For Purchase Program


Purchase a Home and Never Pay a Monthly Mortgage Payment Again!
 
  
ARE YOU.....
 
  • Downsizing or moving into a more suitable home?
  • Having Trouble qualifying for traditional financing?
  • Tired of monthly mortgage payments?
     

Discover The HECM For Purchase Program

 

 

The Home Equity Conversion Mortgage (HECM) for Purchase Program is a Federal Housing Administration (FHA) insured home loan that allows homeowners 62 and older use the equity from the sale of a previous residence, or other personal cash resources, to buy their next primary home in one transaction.  Regardless of how long you have lived in the home or what happens to your home’s value, you only make one initial investment (down payment) towards the purchase and never have to make another monthly mortgage payment again.



 Reverse For Purchase Highlights

     
Program Features:

•No monthly mortgage payments*
•For homebuyers age 62+ years
•For primary home purchases
•Can sell the home whenever you wish
•Remain on title and continue to own the home*

•Credit requirements tailored to seniors (generally no credit score requriement)
•It is a Federal Housing Administration (FHA) insured, non-recourse loan


*The borrower(s) must live in the home as their primary residence, continue to pay required property taxes,homeowners  insurance and maintain the home according to FHA requirements.
 
 
       Program Benefits:

• Affordability –no monthly mortgage
payments required.**
• Purchasing Power – lower upfront
investment than a cash purchase.
• Accessibility – it may be easier to qualify for credit than with a traditional mortgage.
•Buy a home closer to family or friends
•Lower cost of living during retirement


**The borrower(s) must live in the home as their  primary residence, continue to pay required property taxes, homeowners  insurance and maintain the home according to FHA requirements.
     

Learn More About
The HECM For Purchase Program


My Commitment is to educating people about the HECM (reverse mortgage) products.  I am here to help answer all your questions so you have the facts before you decide if this program is
right for you and your family.
 



 Call today for a free consultation (619) 294-9820

Toll-free (888) 603-1550




 

 
 

 


 
 

Your Local San Diego Reverse Mortgage Specialist
in-home apointments available upon request


 

Serving all of California 

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