Page 1 - AAG032_Help Build Sales in Your Community Flyer

HECM for Purchase
Loan Example

Your client, a homeowner age
65, sells their existing home
with net proceeds of $450,000.

Step One

Purchase a New
Home

Help build sales in Your client finds a NEW
home for $300,000.
your communities Use $168,738 as a down

with this powerful financial tool! payment.
Use $144,600 from a
HECM for Purchase loan

Increase closings in your communities to complete new home
purchase.

Boost your buyers’ purchasing power
Step Two

Help buyers find a home they love with no monthly +$168,738

mortgage payments(borrower must continue to pay down payment
property taxes, homeowners insurance, and home +$144,600
maintenance costs) HECM to complete purchase

$300,000 +

Give Your Senior Clients More Options Closing Costs

With a Home Equity Conversion Mortgage (HECM) for Purchase loan,
everybody wins! This unique government-insured loan can help to $281,262 at your client’s
increase your closing opportunities and move more inventory. Your buyers disposal (borrower must
age 62 and over may receive significant financial advantages that could continue to pay property
help them live more comfortably and enhance their financial security. taxes, homeowners
With 10,000 baby boomers turning 65 each day , this powerful financial insurance, and home
1
planning tool can open up a new market segment for you and allow you maintenance costs)
to close deals on higher-value properties.
$0 Monthly
This example is based on the youngest borrower age 65, Annual Percentage Rate of 5.195%,
home purchase price of $300,000, IMIP of $6,000, origination fee of $5,000, and estimated Mortgage Payment
closing costs of $2,338. HECM fixed as of March 2021.
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