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How to Purchase a home with a Reverse Mortgage

"As a trusted lender specializing in US Government-insured reverse mortgages, we want to highlight a unique feature of the Home Equity Conversion Mortgage (HECM) program. We will explain how HECM reverse mortgages can be used to purchase a home and the advantages they offer. Our goal is to provide you with a clear understanding of how reverse mortgages can help you achieve homeownership."


Did you know that the unique features of US Government-Insured Reverse Mortgages (HECM) allow you to use it to BUY A HOME?

HECM for Home Purchase: The HECM for Home Purchase program allows seniors aged 62 or older to use a reverse mortgage to buy a new home. It provides an alternative financing option specifically designed for those looking to downsize, relocate, or move closer to family.

Benefits of Using HECM for Home Purchase:

No Monthly Mortgage Payments: Just like a traditional reverse mortgage, the HECM for Home Purchase eliminates the need for monthly mortgage payments. This can provide significant financial relief for seniors on fixed incomes.

Preserve Cash Flow: By using a reverse mortgage, you can avoid depleting your savings or retirement funds to make a cash purchase. Instead, you can keep those funds available for other purposes or unexpected expenses.

Increased Purchasing Power: With a reverse mortgage, you can potentially afford a more expensive home or a home in a desirable location that may have been out of reach with a traditional mortgage or cash purchase.

Flexibility and Control: As the homeowner, you retain full ownership and control of the home. You have the freedom to live in the home as your primary residence for as long as you like.

Eligibility Requirements: To qualify for the HECM for Home Purchase program, you must meet the following criteria:

  • Be at least 62 years old

  • Use the new home as your primary residence

  • Have sufficient funds for the required down payment (varies depending on factors such as age, interest rates, and the home's appraised value)

Repayment and Loan Termination: Repayment of the reverse mortgage is typically required when one of the following events occurs:

  • The homeowner sells the home.

  • The homeowner permanently moves out of the home.

  • The homeowner passes away.

  • The homeowner defaults on the loan obligations.


Conclusion: The US Government-insured HECM reverse mortgage program offers seniors a unique opportunity to purchase a home without the burden of monthly mortgage payments. By utilizing a reverse mortgage, you can preserve your cash flow, increase your purchasing power, and maintain control over your new home. If you're considering downsizing, relocating, or finding a new home in a desirable location, the HECM for Home Purchase program may be a valuable option to explore. As your trusted lender, we are here to guide you through the process and help you achieve your homeownership goals.

It's easier than you think to get a quote for a reverse mortgage and there is no obligation whatsoever. A great place to start however is to Click here now to get your FREE Book and learn everything you need to know about the process written in plain and simple common sense language.


Brett Stacy

NMLS | 490685

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Work with a local Certified Fire Your Landlord® Reverse Mortgage Expert. They are specially trained to help retirees achieve the dream of a worry-free retirement by leveraging the equity in their homes.

Provide for your Heirs | Retire Elegantly | Pay off Debt

Here's how we can work together to get you on the road to a happy and worry-free retirement with the equity you built with your hard work over a lifetime.

STEP 1

Contact us for a Quote.

It's SUPER EASY.

Contact us for a quote, it's super easy, there is no obligation and it takes less than 3 Minutes. Do it now.

STEP 2

Schedule a FREE one-on-one Consultation.

Learn exactly how much you qualify for, how much you'll get each month, for how long, and how soon you can get approved.

STEP 3

Learn the Facts from Myths in our new video series.

With so much disinformation on the web about reverse mortgages we created a definitive video series that clears things up.

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Brett Stacy


NMLS | 490685

(760) 477-4394

14075 Hesperia Road

#108 Victorville , CA, 92393

Equal Opportunity Lender

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Brett Stacy,
Living life by design.

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Reverse mortgages have become a popular financial tool for homeowners ages 62 and older who are seeking a consumer loan. A reverse mortgage loan allows senior homeowners to access the equity they’ve built up in their home over the years. Unlike traditional “forward” mortgages, reverse mortgages do not require monthly mortgage payments. Homeowners will still be responsible for insurance, property taxes, and maintenance; however, loan repayment is deferred until the homeowner no longer lives in the home. Since monthly mortgage payments are not required, seniors typically use their reverse mortgage funds as income tax-free cash. Homeowners who want to qualify for a reverse mortgage must be at least 62 years old and have equity available in their home. Reverse mortgages work by allowing homeowners to convert a portion of their homes equity into cash, based on the total equity available in the home. Loan proceeds can be received in the form of a line of credit, monthly payments, a lump sum, or any combination of these options. Several factors affect the loan amount which you may qualify for including your home’s value, your age, and certain property requirements set by the Federal Housing Administration (FHA).

Options Pro Marketing and its associated brands (Fire Your Landlord®) are marketing entities that partner with lenders and are not lenders themselves. All lending questions should be directed to our partner lenders ( Brett Stacy of ). A pre-approval does not constitute a loan commitment or guarantee of a loan. Pre-approval is subject to a satisfactory appraisal, satisfactory title search, and no meaningful change to borrower's financial condition.
This is not an offer for extension of credit or commitment to lend. All loans must satisfy company underwriting guidelines. Not all applicants qualify. Information and pricing are subject to change at any time and without notice. The content in this advertisement is for informational purposes only. Products not available in all areas. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. The federal agency that administers our compliance with these federal laws is the Federal Trade Commission, Equal Credit Opportunity, Washington, DC, 20580. is an Equal Housing Lender.

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