Plan
Define your goals and budget. Choose a home that fits your needs and financial strategy.
A different way to buy your next home
HECM for Purchase
Eligible homeowners age 62 or older may use a reverse mortgage to finance part of a new principal residence while contributing the remaining required funds at closing.
Estimate My Options✓ Homeowners age 62+✓ No required monthly principal-and-interest mortgage payment✓ FHA-insured
◯Your funds+⌂HECM=⌂♡New home
Combine a HECM with a larger initial investment
A HECM for Purchase lets you use a portion of your own funds—along with a reverse mortgage—to buy a new home that better fits your lifestyle and goals.
This flexible solution can help you rightsize, relocate, or access more of your liquid assets while preserving financial resources.
- Move to a one-story or lower-maintenance home
- Relocate closer to family or healthcare
- Purchase a home better suited for retirement
- Retain more liquid assets than an all-cash purchase
- Avoid required monthly principal-and-interest mortgage payments while meeting loan obligations
One transaction, several important steps
Estimate
Estimate how much you may qualify for with a HECM for Purchase.
Counsel
Speak with a HUD-approved counselor to learn how the loan works for you.
Qualify
Submit your application and documents. We verify eligibility and property.
Close
Close the loan, purchase your new home, and move in with confidence.
Property considerations
- The home must be your principal residence.
- Subject to FHA and program standards.
- Property type and condo/project eligibility rules apply.
- New construction requires timing considerations.
- You remain responsible for taxes, insurance, maintenance, and HOA fees.
Compare before deciding
A HECM for Purchase can complement your savings to help you buy the right home—without draining your assets. See how it compares to paying all cash.
- Keep more cash on hand for retirement surprises
- No required monthly principal-and-interest mortgage payments
- Protected by a non-recourse loan—neither you nor your estate ever owes more than the home’s value, subject to program terms
See how a HECM for Purchase can help you buy the home that fits your future.
✓ No obligation. ✓ No pressure. ✓ Just clear answers.