Buy a Home in Retirement

buy_home_in_retirementMany retirees want to move to a warmer climate, move closer to family, or downsize their home. But relocating or buying another home can strain limited, fixed incomes.

Rather than put nearly all of your sales proceeds into another house, which leaves you with very little money to live on, consider a reverse mortgage to purchase your new home —with no monthly mortgage payments.†

The FHA Home Equity Conversion Mortgage (HECM) for purchase option allows you to buy a new home in retirement without the burden of a monthly mortgage payment*. Use it for your retirement dream home, for that cottage in Florida, to relocate closer to family, or to buy a home that better suits your needs.

As a leading reverse mortgage lender, FAR continually strives to expand its product offerings and develop new services for customers and partners.

FAR’s licensed Reverse Mortgage Specialists can explain the loan options available to you and walk you through the entire process.

To explore your reverse mortgage possibilities, talk with a licensed Reverse Mortgage Specialist today.

† Payment of taxes, insurance, and property charges required

To explore your reverse mortgage possibilities, talk with a licensed Reverse Mortgage Specialist today. Don’t wait to reclaim your retirement.

  • “On behalf of my mother and myself, I would like to thank you for your professional and kind support, and I am confident that we made the right decision obtaining a reverse mortgage from you and your company. Your patience and your knowledge of the product and processes made obtaining a reverse mortgage as comfortable for us as possible. You will be highly recommended.”

  • “Jan and I want to personally thank you for your expertise in assisting us (to) get our reverse mortgage. It has been a very interesting process from the get-go, we have learned a lot. It truly has been a pleasure to work with you, you are a real credit to your profession. Thank you so much.”

  • My Reverse Mortgage Specialist “worked with me and was very professional throughout the whole process…she was very kind and respectful…Even though I have never seen her, I feel like she was someone I have known my whole life.”