Recent improvements to the Home Equity Conversion Mortgage - or HECM - program have made an already great option even better!


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HECM for Purchase

  • In 2009, FHA introduced the Reverse Mortgage for Home Purchase Program.

  • Financial advisors are now including the HECM Reverse Mortgage program among the viable options to provide clients 62 years or older with flexibility and security in their retirement planning.

  • Viewpoint Financial and Hudson Realty have over 17 years of industry expertise in assisting senior clients in securing their futures with reverse mortgages.


Recent Improvements

  • Only one spouse has to be 62 or older, and the other spouse will be entitled to the same protections as the original borrower.

  • The premium amounts for both the initial and the annual FHA Mortgage Insurance have been substantially reduced.

  • In fact, all fees associated with the HECM Reverse Mortgage program have been substantially reduced, making a great program even better.

  • Some applicants may qualify for the new fixed rate HECM loan program.

  • All HECM loans are insured by the FHA, and the proceeds from a HECM loan are income tax free.