Realtor Reverse Mortgage for Purchase Program

Real Estate Professionals: A home financing option that can help you sell more homes

The Baby Boom generation represents an important opportunity for real estate professionals to serve a rapidly growing market of people who are motivated to sell their current homes and buy a different one for retirement — one that’s “right-sized,” and may be closer to friends and/or family.

Our Home Equity Conversion Mortgage (HECM) for Purchase home financing solution can make it easier for people age 62 and older to buy a home that better fits their retirement needs and wants.

It can help you attract and capture a brand new — and rapidly growing — market of home buyers.
Get a larger audience for your listings.
More shoppers can become buyers.
Buyers get additional spending power, enabling them to better afford upgrades or a more expensive home.
Gain more leads from satisfied customers.

How it works: Buyers can purchase a home by combining a one-time investment of their own funds (a down payment of typically about 45% to 62%, depending on borrower age) with loan proceeds from a HECM. (This down payment range assumes closing costs will be financed into the loan.) As with a traditional “forward” mortgage, the home they purchase secures the loan. But unlike a traditional mortgage, monthly mortgage payments are optional while they own and live in the home as their primary residence — making buying a new home even more attractive.

As with any home-secured loan, the borrower must meet their loan obligations, keeping current with property taxes, insurance, maintenance, and any homeowners association fees.

To learn more about how this powerful financing option can be a key ingredient in helping more home shoppers become buyers, or to discuss a marketing strategy for this unique audience, please contact me.

Buying a home video? WATCH: How a Home Equity Conversion Mortgage for Purchase works

To learn more, contact me today to get your free H4P Buyer’s Guide.

Larry McAnarney
HECM for Purchase Specialist, NMLS #21059
Call 815-703-4745 | Lmcanarney@reversefunding.com

Branch NMLS # 1404799
700 Commerce Drive, Suite 5055
Oak Brook, IL 60523

L1467-Exp112018

Verified Reviews

(120)

Totally Committed to Service and the Custome Going through the hoops for a reverse mortgage was a task. I found Larry McAnarney and he was beyond professional in his willingness to cover every nuance, foresee any possible problems, and SUPER follow through after approval. I can't reommend this service highly enough.

Shaun K — May 22, 2015

Professional, Thorough, and Patient My husband and I found Larry McAnarney professional, thorough, and patient with our many questions. We found his detail unfailing and appreciated his rapid, meticulous responses and on-time arrivals in the most challenging weather

Daniel & Lisa W — Mar 1, 2019

Larry Knows His Business Larry did a great job with follow up when I needed questions answered. Still a little in the fog about how to pull more funds from my account, if I have a need down the road.

Jim D — Jul 17, 2015