Page 1 - AAG070_Open House Flyer (28446340)

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 $145,709 !
8

Introducing an age-based, FHA-insured Check out how much you can get with just a
mortgage 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 $109,064 1 $161,309 6 $213,779¹¹ $265,249¹ 6 $316,319²¹
3 No monthly mortgage payments*
65 $105,464 2 $155,909 7 $206,579¹² $256,249¹ 7 $305,519²²
3 Minimal income and credit requirements
70 $98,664 3 $145,709 8 $192,979¹³ $239,249¹ 8 $285,119²³
3 FHA-Insured
75 $91,064 4 $134,309 9 $177,779¹⁴ $220,249¹ 9 $262,319²⁴
3 Borrower(s) remain solely on title** 85 $74,064 5 $108,809 10 $143,779 15 $177,749 20 $211,719² 5
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!