Larry McAnarney
815-703-4745

Can I use a reverse mortgage to purchase a home?

Yes, with the HECM (Home Equity Conversion Mortgage) for Purchase loan, qualified borrowers can use their loan proceeds to buy a home that better suits their needs and lifestyle. It’s a home financing option that can make it easier for buyers age 62 and older to afford the home they want, while preserving more of their savings.

Verified Reviews

(219)

Working With Larry Was Great Working with Larry was great. He is kind and patient. He encouraged questions and was patient with me and my mom. I went through four different mortgage companies, and chose Larry because of his genuine interest in my moms case

Nancy S — Nov 4, 2020

Very Easy to Talk To Larry, you are the best !!!!!!! in our book. Very knowledgeable about the "Reverse Mortgage" and always talked at a level that we could understand. Very easy to talk to and always returned calls ASAP. We would recommend YOU to all our friends.

Al & Sherry K — May 28, 2024

Knowledgeable and Trustworthy I would never want to get this loan from someone who only does it once in a while because it is out of the range of basic knowledge. I have never done this myself and am not familiar with the options and nuances of the reverse mortgage products. It is obvious that Larry is very experienced with this particular product and keeps in constant contact so you are never left making decisions on your own. He was recommended to me by a family member and I would be comfortable doing the same

Nancy Z — Oct 27, 2020