HECM for Purchase

The 2 Mortgage Guys, Ryan Minick & Steve DeLon at Luminate Bank

HECM for Purchase

Buy Your Next Home at 62+ Without Monthly P&I Payments

HECM for Purchase at a Glance

Most Retirees Face the Same Three Challenges

How HECM for Purchase Works

Why Retirees Choose HECM for Purchase

Is HECM for Purchase Right for You?

Get Your Personalized HECM Quote

Thanks — We Will Be in Touch Soon.

HECM for Purchase FAQ

Ready to See What You Qualify For?

A HECM for Purchase lets qualified borrowers age 62 and older buy a primary residence using a FHA-insured reverse mortgage — with no required monthly principal and interest payments. Keep more cash, right-size into the home you want, and stay in control.

Good to know: You stay on title and own the home. You remain responsible for property taxes, insurance, and maintenance.

If any of these sound familiar, a HECM for Purchase may be the right solution for your next home.

Four clear steps from first conversation to move-in day.

Built specifically for borrowers 62 and older — with FHA protections layered in.

Here is who this program is designed for.

Share a few details and we will show you exactly what you qualify for — down payment, purchase power, and what a transaction would look like. No credit impact, no obligation.

We received your information and will reach out shortly with personalized HECM for Purchase options tailored to your situation.

Something went wrong. Please try again or give us a call.

We specialize in helping retirees and borrowers age 62 and older use a HECM for Purchase to right-size, relocate, or buy the home they really want — without the burden of a new monthly principal and interest payment. Our job is to explain every detail honestly so you can decide whether this program is the right fit for your retirement plan.

Straight answers to the questions we hear most.

Get a personalized HECM for Purchase quote in minutes. No credit pull, no pressure — just clear numbers so you can make the right call for your retirement.

Important HECM for Purchase Disclosures: The Home Equity Conversion Mortgage (HECM) for Purchase is a reverse mortgage insured by the Federal Housing Administration (FHA) and regulated by the U.S. Department of Housing and Urban Development (HUD). At least one borrower must be age 62 or older. The home must be the borrower\'s primary residence. Borrowers are required to complete independent counseling with a HUD-approved housing counseling agency prior to closing. The HECM is a non-recourse loan, meaning the borrower or their estate will never owe more than the home is worth at the time the loan is repaid. Borrowers remain responsible for payment of property taxes, homeowner insurance, homeowner association dues, flood insurance (if applicable), and ongoing property maintenance. Failure to pay these property charges or to maintain the property as a primary residence may cause the loan to become due and payable and could result in foreclosure. A down payment is required and varies based on the age of the youngest borrower, current expected interest rates, and the lesser of the home\'s appraised value or sale price. Loan fees and interest rates apply. This material has not been reviewed, approved, or issued by HUD, FHA, or any government agency, and this is not a commitment to lend.

©

The 2 Mortgage Guys | Luminate Bank