Retirement isn’t about slowing down—it’s about living where and how you want. With a Reverse for Purchase (R4P) mortgage, homeowners aged 62+ can buy a new home while eliminating monthly mortgage payments and preserving their cash flow.

What Is a Reverse for Purchase?

A Reverse for Purchase, also known as HECM for Purchase, is a federally insured loan that allows eligible seniors to purchase a new primary residence using a reverse mortgage instead of a traditional mortgage.

Unlike a traditional loan, this program offers:

• No required monthly mortgage payments
• Increased buying power
• More flexibility in retirement housing options

Why Use a Reverse for Purchase?

This powerful financial tool helps retirees make smarter housing decisions without depleting their savings. Whether you’re dreaming of a beachfront condo or downsizing to something more manageable, R4P offers freedom and flexibility.

With Reverse for Purchase, You Can:

• Move closer to family and loved ones
• Buy a home on the beach, golf course, or in a 55+ community
• Downsize to simplify your lifestyle
• Upgrade to a newer or more accessible home
• Preserve your retirement savings and improve cash flow
• Eliminate monthly mortgage payments, freeing up your budget

General Loan Requirements

To qualify for a Reverse for Purchase loan, borrowers must meet the following criteria:

• Be 62 years of age or older
• Use the home as their primary residence
• Have sufficient equity or proceeds from the sale of another property
• Maintain the home and stay current on:
  • Property taxes
  • Homeowners insurance
  • HOA dues or other property-related charges

Failure to meet these obligations could result in the loan becoming due and payable.

Is Reverse for Purchase Right for You?

If you’re entering retirement and considering a move, the Reverse for Purchase program can be a strategic solution to buy the home that best suits your next chapter—without sacrificing financial security.