Buy your next home with a HECM mortgage

How it works

With a HECM for Purchase, you combine a down payment (often from selling your current home or savings) with HECM mortgage proceeds to buy a new primary residence in one transaction. You own the new home, and no monthly mortgage payment is required. You still pay property taxes, insurance, HOA dues and upkeep.

Who it may suit

• Homeowners 62+ who want to downsize or move closer to family
• Buyers who'd rather keep more cash in savings
• People who want a home that fits aging in place

Good to know

• The down payment amount depends on your age, rates and the price of the home
• You must move in within the required time frame (generally 60 days) as your primary residence
• HUD-approved counseling is required
• I work with your real estate agent to keep everything on schedule