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?

1. An FHA insured reverse mortgage
2. 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
3. Allows buyers to combine reverse mortgage proceeds with a down payment to purchase a home

How can it help Senior Homebuyers?

1. Purchase a new home without taking on a monthly mortgage payment
2. Purchase a primary residence suitable for their current needs
3. Purchase a home in a senior housing community
4. Move into a new home that’s easily accessible with modern amenities
5. Downsize to a smaller, easier-to-maintain home
6. 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