Page 1 - AAG032_Help Build Sales in Your Community

Increase
closings in your
communities

Boost your
buyers’ purchasing
power

Help buyers find
a home they love
with no monthly
mortgage payments
1
Borrower must continue
Help build sales in 1 to pay property taxes,
your communities homeowner’s insurance,
and home maintenance
costs.
with this powerful financial tool!

Give Your Senior Clients More Options

With a Home Equity Conversion Mortgage (HECM) for Purchase loan, everybody wins! This unique
government-insured loan can help to increase your closing opportunities and move more inventory.
Your buyers age 62 and over may receive significant financial advantages that could help them live
more comfortably and enhance their financial security. With 10,000 baby boomers turning 65 each
day , this powerful financial planning tool can open up a new market segment for you, allow you to
2
close deals on higher-value properties, and potentially involve you in two transactions at once.

EXAMPLE ONE TWO THREE
HECM for Purchase a New +$177,283 $272,717 at your
Purchase Loan Home Down Payment client’s disposal

Your client finds a NEW +$122,717 and no monthly
mortgage
home for $300,000. payments.*
HECM to Complete
Use $177,283 as a down Purchase
payment.
*Borrower must
Your client, a continue to pay property
homeowner age 65, Use $122,717 from a taxes, homeowner’s
sells their existing HECM for Purchase loan insurance, and home
home for $450,000. to complete new home $300,000 maintenance costs.
purchase.

This example is based on the youngest borrower age 65, Annual Percentage Rate
of 5.702%, home purchase price of $300,000, IMIP of $6,000, origination fee of
$5,000, and other settlement costs of $3,983. 2017 HECM fixed as of 1/8/2018.

1 Borrower must continue to pay property taxes, homeowner’s insurance, and
home maintenance costs.