Can I use a reverse mortgage loan to buy a home?
Yes. There is a “Home Equity Conversion Mortgage (HECM) for Purchase” loan that allows people 62 and older to purchase a new principal residence with HECM loan proceeds.
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What is a reverse mortgage purchase?
A HECM for Purchase loan allows seniors aged 62 and older to buy a new home with proceeds from a reverse mortgage. Homebuyers can purchase their new home and get the reverse loan with one transaction, whether the homebuyer wants to relocate or downsize.
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A reverse mortgage is a mortgage loan, usually secured by a residential property, that enables the borrower to access the unencumbered value of the property. The loans are typically promoted to older homeowners and typically do not require monthly mortgage payments. Call Today, for more informati...

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7 months ago
Michael explained everything in detail, and answered all my Sister's questions, turns out a Reverse Mortgage will work great to help out in her retirement. "Reverse Mortgages Made Simple" was a great resource, written by the Broker, Rick Foxx. Seriously, the guy WROTE THE BOOK on Reverse Mortgages, so I am pretty they know their stuff - how many other Brokers write a book about their product? 5 stars, and I hope other folks find this company as helpful as I did.
- Lewis M
7 months ago
Thanks Florida's Reverse Mortgage Consultants for answering ALL my Mom's questions. She can be a really "detailed oriented" person to put it nicely - your patience going over her reverse mortgage options was appreciated, and I'm pretty sure we're going to proceed. 5 stars for you guys, you deserve it!
- Ben U
6 months ago
Found everyone to be extremely professional and anxious to make things happen...Always there to listen and explain...Makes you feel valued. I would 100% recommend them to friends and family!
- Susan B

Reverse Mortgage Services for Florida

We help homeowners 62 & older access tax-free cash quickly & confidentially, even if they have credit or income issues. With over 25 years of experience, Florida’s Reverse Mortgage Center is the local & trusted choice for Reverse Mortgages in Florida. See How Much YOU Qualify For Today!

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  • (800) 495-8309

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Mon:9:00 AM – 6:00 PM
Tue:9:00 AM – 6:00 PM
Wed:9:00 AM – 6:00 PM
Thu:9:00 AM – 6:00 PM
Fri:9:00 AM – 6:00 PM
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