House With A Reverse Mortgage - Can I Buy A

This federal program allows seniors to buy a new primary residence and secure a reverse mortgage in a single transaction. How Buying with a Reverse Mortgage Works

Unlike a traditional mortgage where you make monthly payments, the HECM for Purchase combines a large down payment with loan proceeds to cover the full cost of the home. can i buy a house with a reverse mortgage

: You typically contribute 45% to 62% of the purchase price from your own funds (often from the sale of a previous home). This federal program allows seniors to buy a

: The balance is only repaid when the last borrower moves out, sells the home, or passes away. Eligibility Requirements sells the home