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

(233)

It Was Great It was great .

Megan W — Jun 29, 2023

Prompt Communications I appreciate your service and prompt communications while providing my mother with her reverse mortgage. You have been very helpful from the outset and have kept me informed along the way.

Nicholas C — Dec 12, 2024

Larry was Very Helpful and Understanding Larry was very helpful throughout the whole thing. He made understanding the terms simple.

Paul L — Jan 11, 2024