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

(207)

Smooth Closing No rework, smooth closing. We were very happy. .

Stew & Susan C — Mar 22, 2023

Larry Was Excellent Larry was excellent. He introduced us to the reverse mortgage program and then helped us through all the steps, answering our questions and giving us updates on what was happening. Throughout it all, his knowledge, competence, patience and kindness made it easy for us to understand. It was a pleasure to work with him and we would recommend him to anyone.

Philip A — May 8, 2020

Very Professional Larry answered all of our questions and returned all our calls promptly. He did not pressure us in any way. As a financial professional myself, I would recommend Larry highly.

Roy & Elaine P — Jan 19, 2018