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.

  • “During the course of undertaking the reverse mortgage process, my wife and I found Finance of America Reverse to be most trustworthy, honest and able to deliver the final package. We could not have asked for a more representative person to provide us all the information in the process than (our loan officer). (She) is a very knowledgeable, patient, and courteous person. Above all, she conducted herself very professionally, a true professional. If she did not know the answer at the time, she would research and get back with you immediately. Communication and cooperation were never lacking through the whole process, this was very important to both my wife and I. During the closing process, we dealt with several different persons from the Finance of America Reverse (team) and we can honestly say that none failed us. Service was their number one objective. My wife and I would not hesitate to recommend (our loan officer) and (Finance of America Reverse). In our case, they were truly a GREAT TEAM.”

  • 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.”

  • “I really appreciate the efficiency and friendly manner that both (my Reverse Mortgage Specialist) and (loan processor) have shown me through this whole process. I’m very impressed with Finance of America Reverse’s service.”