MORE REVERSE MORTGAGE PROGRAMS
Can you purchase a home with no payments for LIFE? YES!

What is HECM for Purchase?

Exciting news for Senior Americans who have wanted to purchase a new residence, those who wish to downsize, maybe move closer to family and friends, or move into a senior community for the activities or amenities they may offer.

Now, seniors age 62 years and older can purchase a home and obtain a reverse mortgage in one transaction. Best of all, this transaction retains all the benefits of a traditional reverse mortgage, like virtually no income or no required monthly mortgage payments. We can help you understand this useful reverse mortgage product to buy your next home. The experienced and trustworthy mortgage professionals at FHA123.com will work with you conveniently at your home, office or by phone.

The advice is free! To get approved apply online.

Reverse for Purchase facts

• The senior may cancel the purchase transaction. However, you must read your sales contract were earnest monies may not be refundable.
• 1 to 4 unit properties qualify that are habitable with a certificate of occupancy. (Some exclusions do apply. )
• Property flipping is not allowed by HUD.
• There are no seller's concessions allowed, only allowed on forward loans.

Jumbo Reverse Loans available

Great news! FHA's reverse mortgage product known as the Home Equity Conversion Mortgage (HECM) will have a new national mortgage limit of $625,500, up from the previous limit of high of $417,000. FHA loan limits are based on the county in which the property is located.

Any homeowner over the age of 62 can apply online to get approved. We can calculate the maximum amount of money you qualify for and prepare a no-obligation quote.

Refinance an existing reverse mortgage

Reverse mortgages are popular for seniors across America. If you currently have a reverse mortgage and you need more monies we can help you! With new higher loan limits, you can now take advantage of refinancing your existing reverse mortgage.

Improve your quality of life. Get started today and apply online
or call toll free 1-888-342-2080.

Co-Op Reverse Loans for seniors

HUD has not yet approved reverse mortgage loans for a Co-Op. This future HECM product has not been released yet or approved to date for a Co-Op. It is projected to possibly be released in the near future, but no date has yet to be determined.

You are welcome to join our growing list of Co-Op owners who are interested in a reverse mortgage. We will contact you immediately when it become available.

Get started today and apply online or call toll free 1-888-342-2080.

We can help you learn the facts about how a reverse mortgage could help you.