THE FINANCING YOU NEED FOR THE HOME YOU REALLY WANT

Check Eligibility

You’ve worked hard to get to this point. Now you’d like to live in a “right-sized” home that fits your needs today, and get comfort and financial peace of mind for the future. But maybe you don’t think you can afford to move because of your financial obligations, income, or other issues. With a Reverse MortGage for Purchase, designed specifically for homebuyers who are age 62 and older, you can get the funds you need to buy the home you want.

MOVE CLOSER TO FAMILY

Enjoy being close to friends and family with a new home right in their neighborhood.

RIGHTSIZE INTO A NEW HOME

Buy the home that has the features that you want at this point in your life.

REPAYMENT OPTIONS

Pay as much or as little as you like each month toward principal and interest. As with any mortgage, you must meet your loan, keeping property related taxes, insurance and maintenance, and any homeowners association fees.

GET YOUR FREE REVERSE MORTGAGE FOR PURCHASE BUYER'S GUIDE

h4p-buyers-guide-cover-1636589060527822595

Complete the form below
to access the guide!

By clicking "DOWNLOAD + PRINT", you are providing your signature and express "written" consent to be contacted by or behalf of Reverse Mortgage Funding LLC, its affiliates and/or its agents (collectively Company) at the telephone, email or mailing address that you have provided for purposes of fulfilling this inquiry about reverse mortgages and/or the Company's products or services, even if you have previously registered on a "do not call" government registry or requested Company to not send marketing information to you by email and/or direct mail. You agree that the Company may use automatic telephone dialing systems and prerecorded voice messaging in connection with calls or texts made to the telephone number you provide even if the telephone number is assigned to a cellular or mobile telephone service or other service for which the called party is charged. You understand that you are not required to consent to receiving autodialed calls or texts as a condition of any reverse mortgage and/or purchasing any Company products or services. If you do not wish to authorize Company to contact you in this manner, you can call 877-485-1359 to complete your request. You understand that you can revoke this consent at any time.

FOR AMERICAN HOMEOWNERS AGE 65+

Nearly 64% of retirees have moved or anticipate moving in retirement.¹ Find out what kind of funds you can get for your new home.

Request Consultation

HOW IT WORKS

Joyce is 65 years old. Many of her friends moved to a new, low-maintenance lifestyle community and Joyce was eager to join them. But she didn’t want to add the burden of a monthly mortgage payment—or to spend $350,000 in cash to buy the home free and clear. She was forced to consider less expensive homes nearby.

Fortunately, a friend told her about Reverse Mortgage for Purchase loans. Joyce discovered that with this option, she only needed to invest about 57% of the purchase price.† This allowed her to upgrade to a more comfortable lifestyle and keep more of the money from the sale of her former home, while having the option of making no monthly principal and interest payments if she so chooses. (As with any mortgage, she must meet her loan obligations, keeping current with property taxes, insurance, maintenance and any homeowners association (HOA) fees.)

THE RESULT

  • Joyce was able to move into the home that she wanted right away.
  • She kept significantly more cash from the sale of her previous home.

SEE WHAT FUNDS YOU MAY HAVE AVAILABLE

If you’re a homeowner who’s at least 62 years old, with equity in your home, you may be eligible for this financial solution.

Check Eligibility

DIANE S.
Benicia, CA

I just so happen to have a reverse mortgage. The best thing I ever did in my life.

JAMES J.
Philadelphia, PA

You get to stay in the house and that's a really good thing. Especially since you still own the house.³

RICK M.
Fairport, NY

It's a mortgage, or it's a line of credit, but with flexibility. I haven't heard yet any reason why I shouldn't pick this product.

¹ Rounds, Hanna, “Older Americans Are Getting Crushed by Debt, New MagnifyMoney Analysis Shows”, August 11, 2017. http://www.magnifymoney.com/blog/retirement/senior-debt-in-america1235240335/

Ϯ This down payment range assumes closing costs will be financed into the loan. The information being displayed is for illustrative purposes only. Actual cash required may vary and is based on age of youngest borrower, interest rate, home value, and other factors. Please contact Reverse Mortgage Funding LLC (RMF) for details about credit costs and terms.

2As with any mortgage, borrower must meet their loan obligations, keeping current with property taxes, homeowners insurance, maintenance and any homeowners association fees.

L1805-Exp032019