Reverse purchase

HECM for Purchase

The Home Equity Conversion Mortgage for Purchase lets qualified buyers 62 and older purchase a new primary residence using a reverse mortgage.

Discuss HECM purchase Call 510-463-1003

EstaR Mortgage

Buy the next home without monthly mortgage payments

How it works

A way to relocate, downsize, or right-size retirement

HECM for Purchase allows seniors to buy a home using a down payment and a reverse mortgage loan, eliminating required monthly mortgage payments.

Borrowers still cover property taxes, homeowners insurance, and maintenance costs. The loan is repaid when the borrower sells, moves out, or passes away.

✓Borrower must be at least 62 years old.

✓The new home must be the primary residence.

✓HUD-approved reverse mortgage counseling is required.

✓Eligible property types include single-family homes, FHA-approved condos, and certain multi-unit properties.

Ready to talk?

15 minutes with Chris will tell you more than 15 articles online.

Book free consultation Call 510-463-1003