Time to relocate and be closer to the grandkids? Want to downsize or upsize? With HECM for Purchase, qualified borrowers 62 and older* can buy a principal residence** and obtain a reverse mortgage in one transaction. You might be able to buy a new home without using all the proceeds from the sale of your current home.
*Qualified borrowers only. An underwriter will review credit history, property charge history, and residual income to ensure the loan is likely to be a sustainable solution for the household. **Principal residence is defined as where you maintain your permanent place of abode and typically spend the majority of the calendar year. ***Borrower is required to pay all property charges, including, but not limited to, property taxes, insurance and maintenance.
By entering your information and clicking "submit," you agree that Movement Mortgage and real estate professionals may call/text/email you about your inquiry, which may involve use of automated means and prerecorded/artificial voices. You do not need to consent as a condition of buying any property, goods or services. Message/data rates may apply.