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
(163)
Gold Standard Service We were concerned about getting an honest and experienced person to help us understand and facilitate a reverse mortgage for our 90-year-old mother. Larry McAnarney is an experienced expert I will recommend to everyone if there is a need for RM financing. He is knowledgeable, very professional, and kind. He thoroughly answered all our questions and promptly responded to email and phone inquiries as needed, guiding us through each step. He provides a gold standard service!
Renee M — Oct 4, 2022
I would recommend Larry to my friends Larry was great, he answered all of my questions and made the process easy. I would recommend him to my friends, I don't often recommend anybody and things.
William M — Sep 25, 2015
Reverse Mortgage through Larry McAnanery Larry made the whole process so easy and easy to understand. He answered all of our questions and let us know everything that was going on. He was even at our closing I would DEFINITELY recommend him to friends and family
Susan K — Aug 12, 2014