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Increase closings in
your communities

Boost your buyers’
purchasing power

Help buyers find
a home they love
with no monthly
mortgage payments 1

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

your communities

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
2
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 and allow you to close deals
on higher-value properties.

Example One Two Three
HECM for Purchase a New +$176,276 $273,724 at your
Purchase Loan Home Down Payment client’s disposal

Your client finds a NEW +$123,724 and no monthly
mortgage
home for $300,000. payments.*
HECM to Complete
Use $176,276 as a down Purchase
payment.
*Borrower must
Your client, a continue to pay property
homeowner age 65, Use $123,724 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 5.709%, home
purchase price of $300,000, IMIP of $6,000, origination fee of $5,000, and other settlement costs of $2,976.
HECM fixed as of 06/20/2018.

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