Here’s a way for homebuyers age 62 or older to purchase their ideal Vero Beach retirement home.
What is the Home Equity Conversion Mortgage (HECM) for Purchase?
- An FHA insured reverse mortgage
- Enables senior home buyers, age 62 or older, to purchase a new primary residence and obtain a reverse mortgage in simultaneous transactions with no monthly mortgage payments
- Allows buyers to combine reverse mortgage proceeds with a down payment to purchase a home
How can it help Senior Homebuyers?
- Purchase a new home without taking on a monthly mortgage payment
- Purchase a primary residence suitable for their current needs
- Purchase a home in a senior housing community
- Move into a new home that’s easily accessible with modern amenities
- Downsize to a smaller, easier-to-maintain home
- Relocate closer to friends and family members
For more information or a free consultation, call Lisa Amorosa, Home Mortgage Consultant at Wells Fargo Home Mortgage 772-231-3767 #1004, or toll-free 866-606-5368 #1004
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