What is a HECM for Purchase?
HECM for Purchase is a Home Equity Conversion Mortgage that allows older borrowers to purchase a new principal residence AND obtain a Reverse Mortgage in a single transaction. As with a traditional Reverse Mortgage, all borrowers must be 62 or older to qualify.
Older borrowers can use a reverse mortgage to purchase a new principal residence and downsize from their current residence, or relocate to other areas.
Contact us toll-free at 855-750-0879 or email email@example.com now to learn more and see if you qualify today!