Page 1 - AAG073_Open House Flyer

ARE YOU

Purchase A Home Want to learn more?
with No Monthly 62 OR OLDER? Contact me today!
Mortgage Payments*

Own a beautiful home
valued at $300,000 for a

one-time initial payment

of only $167,303 !
8

Introducing an age-based, FHA-insured Check out how much you can get with just a
mortgage loan known as the Home Equity one-time initial payment!
Conversion Mortgage (HECM) for Purchase.

Home
Loan Specifics Purchase $200,000 $300,000 $400,000 $500,000 $600,000
Price
3 Available to those age 62 and over Estimated Estimated Estimated Estimated Estimated
Down
Down
Down
Down
Down
(eligible non-borrowing spouse may be Age Payment Payment Payment Payment Payment
under age 62)
62 $122,640 1 $183,283 6 $242,161 11 $300,703 16 $359,247 21
3 No monthly mortgage payments*
65 $120,183 2 $177,283 7 $234,161 12 $290,703 17 $346,803 22
3 Minimal income and credit requirements
70 $113,603 3 $167,303 8 $220,561 13 $273,703 18 $326,847 23
3 FHA-Insured
75 $108,403 4 $159,503 9 $210,161 14 $260,703 19 $310,803 24
3 Borrower(s) remain solely on title** 85 $88,717 5 $130,417 10 $172,561 15 $213,703 20 $254,403 25
3 Closing costs may be financed into SEE REVERSE SIDE FOR IMPORTANT DISCLOSURE INFORMATION
mortgage

*Borrower must continue to pay property taxes and
homeowner’s insurance, maintain the home, and otherwise
comply with the loan terms. **As with a traditional
mortgage, the property would still be subject to a lien.

Contact your local HECM for Purchase Professional today!