: The balance is only repaid when the last borrower moves out, sells the home, or passes away. Eligibility Requirements
Yes, you can buy a house with a reverse mortgage using a specialized loan called a . can i buy a house with a reverse mortgage
Unlike a traditional mortgage where you make monthly payments, the HECM for Purchase combines a large down payment with loan proceeds to cover the full cost of the home. : The balance is only repaid when the
: You are not required to make monthly mortgage principal or interest payments for as long as you live in the home as your primary residence. sells the home