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FHA Title II Home Equity Conversion Mortgage for Purchase
Federal Housing Administration
Max Funding
$1,000,000
Program Overview
Reverse mortgage for seniors purchasing a new primary residence
Eligibility Requirements
Homebuyers age 62+ purchasing primary residence. Must have significant equity or cash for down payment.
Additional Requirements
HUD-approved counseling, FHA property standards, financial assessment
How to Apply
Complete HECM counseling, apply through FHA-approved reverse mortgage lender