"When Experience Counts"
866-260-6713 Toll Free
Seniors can now purchase a new or existing home using the FHA Government-insured Home Equity Conversion Mortgage (HECM)!
$625,500 is the maximum allowable home value used for calculating net proceeds available from the FHA Reverse Mortgage Program (HECM).
You can now buy a new or existing home using the FHA Government-insured Home Equity Conversion Mortgage (HECM)!
Interest and MIP (Mortgage Insurance Premium) simply accrues on the initial loan amount and is not due until the 2nd borrower (if 2), dies, moves or sells the home.
Over 62? Downsizing, Right-Sizing or Looking to Relocate?
Check out the New Reverse Mortgage Purchase Program!
For the first time since it’s inception in 1998, seniors age 62 or older, can use their reverse mortgage to purchase a new property! This new program allows seniors to purchase a new principle residence and obtain a reverse mortgage within a single transaction – eliminating the need for a second closing and additional closing costs. The reverse mortgage purchase program also allows seniors to relocate to another city or state, bringing them closer to family or to a better climate. Read More >>>
**These materials are not from HUD or FHA and were not approved by HUD or a government agency.
Regulated by the Colorado Division of Real Estate
Licensing: Colorado: LMB100018988 | Nationwide Mortgage Licensing System and Registry: #253702 | Company NMLS 1223741
Address of Corporate Office: 4520 Tierra Rojo Dr. Colorado Springs, CO 80926 | Copyright © 2008-2014 Virginia Berry, CSA