If you are aged 55+ and considering a home purchase, a reverse mortgage purchase loan can be used to purchase that next home, but there will never be any mandatory monthly mortgage payments due- giving you the freedom to expand your horizons. A reverse mortgage for purchase can be used on many different types of homes, including condos and some manufactured homes on land. The reverse mortgage purchase loan can double your buying power or allow you to spend half as much, giving you options that may have been unavailable with many traditional loans. There are many loan options to consider with a reverse mortgage purchase loan, and Northwest Reverse Mortgage has access to every FHA HECM, Jumbo and proprietary program available. We can guide you to the optimal loan program for your next home purchase in Oregon, Washington, Idaho or California, all with no monthly mortgage payments due! In this video, these retirees are fed up with their loud neighborhood and prefer somewhere more relaxed.