Buy a New Home
HECM For Purchase
Use a reverse mortgage to buy your next home — with no monthly mortgage payments required.
Program overview
What Is a HECM For Purchase?
The HECM For Purchase program allows seniors aged 62 and older to purchase a new primary residence using a reverse mortgage. Instead of using all cash or taking on a traditional mortgage with monthly payments, you combine a down payment with reverse mortgage proceeds to buy the home outright.
This is an ideal solution for seniors who want to downsize, relocate closer to family, or move into a more suitable home for their retirement years — all without the burden of monthly mortgage payments.
Buy Without Monthly Payments
Purchase a new home and eliminate monthly mortgage payments from day one.
Preserve Your Savings
Use reverse mortgage funds instead of depleting retirement savings or investments.
Downsize or Relocate
Move into a home better suited for retirement — closer to family or in a preferred location.
FHA-Insured
Backed by the Federal Housing Administration for added security and peace of mind.
Who qualifies
Eligibility Requirements
Must be 62 years of age or older
The purchased home must be your primary residence
Must provide a sufficient down payment (typically 45–62% of purchase price)
Must complete a HUD-approved counseling session
Must maintain the property and pay taxes and insurance
Ready to Learn More?
Call David Simon today for a no-obligation free consultation and find out how much you may qualify for.
NMLS #1521694 | CABRE #02040832
Get In Touch
Call Or Email Today For Your Free Loan Consultation
Reach out today for a no-obligation consultation. David will walk you through your options and help you determine the best path forward.
David Simon
Sr. Loan Officer & Reverse Mortgage Specialist
NMLS #1521694 | CABRE #02040832
Cell
(818) 232-1171
[email protected]
Office
Secured Capital Funding
17662 Irvine Blvd. Suite 6
Tustin, CA 92780
NMLS #1649122 | CABRE #01220151
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