hecm for purchase program Archive

HECM for Purchase – How Does It Work?
April 17, 2012
in Blog

HECM for Purchase – How Does It Work?

Using a Reverse Mortgage to Purchase a New Home While a reverse mortgage has traditionally been used as a way to remain in your home, borrowers can also use it to purchase a new primary residence under the Federal Housing Administration’s (FHA) Home Equity Conversion Mortgage (HECM) program. Released in 2009, the HECM for Purchase […]