Reverse Mortgage for Purchase – Available for Homebuyers Age 55+

Why Choose a Reverse Mortgage for Purchase?

A Reverse Mortgage for Purchase allows eligible homebuyers to:

• Purchase a new primary residence
• Preserve retirement savings and investments
• Avoid required monthly principal and interest mortgage payments*
• Increase monthly cash flow
• Buy a more suitable retirement home
• Age in place comfortably

*Borrowers must continue to pay property taxes, homeowners insurance, HOA dues (if applicable), and maintain the home.

Is This Program Right for You?

This financing solution may be ideal if you are:

• Looking to downsize
• Moving closer to family
• Purchasing a retirement home
• Seeking a single-level or accessible home
• Wanting to keep more cash available for retirement
• Looking to reduce monthly expenses

How It Works

Step 1

Find the home you'd like to purchase.

Step 2

Use the proceeds from the sale of your current home, savings, or other assets for the required down payment.

Step 3

Finance the remaining purchase price through a Reverse Mortgage for Purchase.

Step 4

Move into your new home with no required monthly mortgage payments while you continue living there as your primary residence.*

Benefits

Preserve Your Retirement Assets

Instead of paying cash for your next home, you may be able to keep more of your retirement savings invested or available for future needs.

Improve Monthly Cash Flow

Without required monthly mortgage payments, you may have greater flexibility in your monthly budget.

Purchase More Home

Depending on your financial goals, this program may allow you to qualify for a home that better fits your lifestyle while preserving your liquid assets.

Simplify Retirement Living

Move into a home that's easier to maintain, closer to family, or better suited for aging in place.

Who May Qualify?

You may be eligible if you:

• Are at least 55 years old (where available)
• Are purchasing a primary residence
• Have sufficient funds for the required down payment
• Meet income and financial assessment requirements
• Meet lender and property eligibility guidelines

Program availability varies by state.

Frequently Asked Questions

Will I own my home?

Yes. You hold title to your home, just like with a traditional mortgage.

Are monthly mortgage payments required?

No required monthly principal and interest payments are due as long as you occupy the home as your primary residence and meet all loan obligations.

What expenses am I still responsible for?

You must continue paying:

• Property taxes
• Homeowners insurance
• HOA dues (if applicable)
• Home maintenance

Can I leave the home to my heirs?

Yes. Your heirs may choose to keep the home by paying off the loan, refinance the balance if eligible, or sell the home.

Is this a government loan?

Some age-55 purchase reverse mortgage programs are proprietary loans offered by private lenders and are not FHA-insured. Your loan advisor can explain which options are available in your state.

Why Work With Us?

Our experienced reverse mortgage specialists understand the unique needs of homebuyers preparing for retirement. We'll guide you through every step—from prequalification to closing—so you can make an informed decision with confidence.

We are committed to:

• Personalized guidance
• Transparent communication
• Competitive financing options
• Fast, professional service
• Education without pressure