A Reverse Mortgage is the right choice

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Loan repayment is not due as long as you meet the loan obligations

  • Living in the home as your primary residence
  • Continue to pay property taxes and insurance
  • Maintain the home according to FHA requirements

You might be eligible for this loan program if:

  • One homeowner is at least 62 years old
  • Live in your home as your primary residence and have sufficient equity
  • Be able to pay off the existing mortgage through the Reverse Mortgage loan proceeds
  • Condominium or manufactured home
  • Must meet financial criteria as established by HUD

Many People use Reverse Mortgage for Purchase

A Reverse Mortgage for Purchase loan may help a client buy their next home without required monthly payments.

Use the equity from the sale of a previous residence to buy your next primary home in a single transaction