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.

Close This Alert
A A A
Inside the HECM Reverse Mortgage for Purchase Process
A Home Equity Conversion Mortgage (HECM) reverse mortgage for purchase is a relatively new tool that allows borrowers to buy a new home with a reverse mortgage loan. The process is similar to a traditional, forward mortgage to purchase a new home. The borrower still needs to work with a...
1 of 1 pages