Update on COVID-19

Finance of America Reverse LLC (“FAR”) understands you may be facing unique hardships during this difficult time. Many borrowers who are currently experiencing financial distress related to COVID-19 may be eligible for some type of assistance. Please contact us for information regarding options that may be available to you. If you are impacted by COVID-19, please call 866-654-0020 and have your loan number ready for the Customer Service representative.

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Reverse Mortgage for Purchase: Down Payment Explained
A major draw of the Home Equity Conversion Mortgage (HECM) for Purchase is that it allows homebuyers age 62 or older to purchase a new principal residence using loan proceeds from a reverse mortgage. This home buying process is a bit different from purchasing a home with a traditional mortgage....
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