How To Use A 'Purchase Reverse Mortgage'
To Buy A Primary Home With
NO MONTHLY PAYMENTS!
A New Program made possible by Federal Legislation is helping seniors use a reverse mortgage to BUY A HOME. The Home Equity Conversion Mortgage for Purchase program rolled out in January 2009. Seniors 62 years and older can use the new program to help purchase a principal residence putting down only a partial down payment and NEVER again have to make a monthly mortgage payment.
Many lenders are starting to offer these new loans in addition to traditional reverse mortgage products. However there are limitations and requirements. To find out more information and if you qualify, just fill out the form on this page.