HECM For PurchaseA HECM for Purchase Loan, also known as a Reverse for Purchase, is a government-insured loan that gives homeowners 62 and older the convenience and flexibility to purchase a new home while eliminating mortgage payments. You make a down payment and let your HECM for Purchase loan cover the rest.
*Proprietary reverse mortgages are also available to purchase homes up to $10 million dollars. |
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