Purchase for HECM – Unlock a Smarter Way to Purchase a Home
NO burden of a monthly Principle & Interest mortgage payment.
See How Much You Qualify For!
💰 No Monthly Mortgage Payments – Reduce financial stress.
🏡 More Purchasing Power – A better home.
🔁 Smart Retirement Strategy – Preserve your savings.
👨👩👧👦 Move Closer to Family – a home that fits your lifestyle.
🏡 Downsizing? A more suitable sized home
Are you a senior looking for a more suitable home without the burden of monthly mortgage payments? A Home Equity Conversion Mortgage (HECM) for Purchase is designed specifically for buyers aged 62 and older, allowing you to buy a home with a one-time down payment—based on the age of the youngest borrower—while eliminating the need for principal and interest payments as long as you live in the home. This program provides a powerful alternative to traditional financing, enabling you to right-size, relocate closer to loved ones, or transition into a home that better suits your lifestyle, all without tying up your cash in an all-cash purchase.
With a HECM for Purchase, you gain financial flexibility, homeownership security, and the ability to preserve your savings. Unlike a conventional 30-year mortgage, this program lets you purchase a home while maintaining liquidity and keeping more of your hard-earned assets available for other needs. Whether you’re downsizing, upgrading, or simply looking for a home that better meets your retirement goals, this loan option can provide peace of mind and financial freedom. Explore your options today with The Lending Spot and let Curtis Mangus guide you to a stress-free transition into your ideal home.