HECM For Purchase Program

Purchase a Home and Never Pay a Monthly Mortgage Payment Again!

ARE YOU…..
  • Downsizing or moving into a more suitable home?
  • Having Trouble qualifying for traditional financing?
  • Tired of monthly mortgage payments?

Discover The HECM For Purchase Choice


 
The Home Equity Conversion Mortgage (HECM) for Purchase Program is a Federal Housing Administration (FHA) insured home loan that allows homeowners 62 and older use the equity from the sale of a previous residence, or other personal cash resources, to buy their next primary home in one transaction.  Regardless of how long you have lived in the home or what happens to your home’s value, you only make one initial investment (down payment) towards the purchase and never have to make another monthly mortgage payment again.

Reverse For Purchase Highlights

Program Features:
•No monthly mortgage payments*
•For homebuyers age 62+ years
•For primary home purchases
•Can sell the home whenever you wish
•Remain on title and continue to own the home*
•Credit requirements tailored to seniors (generally no credit score requriement)
•It is a Federal Housing Administration (FHA) insured, non-recourse loan
*The borrower(s) must live in the home as their primary residence, continue to pay required property taxes,homeowners  insurance and maintain the home according to FHA requirements.

Program Benefits:
• Affordability –no monthly mortgage
payments required.**
• Purchasing Power – lower upfront
investment than a cash purchase.
• Accessibility – it may be easier to qualify for credit than with a traditional mortgage.
•Buy a home closer to family or friends
•Lower cost of living during retirement*
*The borrower(s) must live in the home as their  primary residence, continue to pay required property taxes, homeowners  insurance and maintain the home according to FHA requirements.

Learn More About
The HECM For Purchase Program

My Commitment is to educating people about the HECM (reverse mortgage) products.  I am here to help answer all your questions so you have the facts before you decide if this program is
right for you and your family.

Call today for a free consultation (619) 294-9820

Toll-free (888) 603-1550

Your Local San Diego Reverse Mortgage Specialist
in-home apointments available upon request

Serving all of California 

Ready to Learn More?

Request Your Personalized Reverse Mortgage Proposal Today!

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John Correll, CRMP
Certified Reverse Mortgage Professional
NMLS #1004396 CA-BRE #10353015

Lineage Lending

(619) 294-9820
Toll Free (888) 603-1550
4455 Murphy Canyon Rd.
San Diego, CA 92123

Disclaimer

These materials are not from HUD or FHA and not approved by HUD or a government agency.

Borrower is responsible for property taxes, homeowner’s insurance and property maintenance plus must continue to occupy home as their primary residence for loan to remain in good standing. Equal Housing Opportunity. Rates, Program, Fees, and Guidelines are subject to change without notice. Restrictions apply.  Not a commitment to lend. Licensed to conduct business only in California.  Lineage Lending 4455 Murphy Canyon Rd Suite 100 San Diego, CA 92123. Licensed CA Bur of Real Estate - Broker #01526997, 01353015. NMLS #1158884 Branch 1437151