Exciting news if you want to buy a home with a reverse mortgage!
Did you know that you can buy a new home with a reverse mortgage and the program just got better? If you’re considering a new home that better fits your needs or is in your dream location, an FHA Reverse for Purchase could be your solution. The program has recently undergone some exciting changes that can make the home buying process even more accessible and affordable, and the best part is — there are no monthly mortgage payment requirements.
Although monthly mortgage payments aren’t required for any reverse products, you will be required to live in the home as your primary residence, pay all property charges including taxes and insurance, and you must uphold the terms of the loan.
Even if you’re not looking to move, call Integrity Home Mortgage Corp. today and discuss other solutions that can help you access your equity without the burden of an additional monthly payment.
Let’s chat today!
*The borrower must meet all loan obligations, including living in the property as the principal residence and paying property charges, including property taxes, fees, hazard insurance. The borrower must maintain the home. If the homeowner does not meet these loan obligations, then the loan will need to be repaid. This is an advertisement. This material is not from HUD or FHA and has not been approved by HUD or a government agency. If you are thinking about debt consolidation, you might want to first consult a non-profit credit counselor.