Reverse Mortgage for Purchase- Let’s Sell This House!

Reverse Mortgage for Purchase- Let’s Sell This House!

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.

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© 2019 Northwest Reverse Mortgage, LLC
Powered by Amerifund Home Loans Inc. NMLS #347051

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Licensed in Oregon, Washington, California, Idaho, Arizona, Texas and Florida.

Office: (800) 806-1472
Toll Free: (800) 806-1472
Fax: (541) 253-4370


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Northwest Reverse Mortgage
10121 SE Sunnyside Rd
Ste 300
Clackamas, OR 97015
Phone: (503) 427-1667

Gresham Area

Northwest Reverse Mortgage powered by Amerifund NMLS #347051. Equal Opportunity Mortgage Broker licensed in Oregon, Washington, California, Idaho, Arizona, Texas and Florida. Credit on approval. Terms subject to change without notice. Not a commitment to lend. Contents not provided by, or approved by FHA, HUD or any other government agency. All potential tax benefits should be verified with a professional licensed tax advisor. NMLS Consumer Access

At the conclusion of a reverse mortgage, the borrower must repay the loan and may have to sell the home or repay the loan from other proceeds; charges will be assessed with the loan, including an origination fee, closing costs, mortgage insurance premiums and servicing fees; the loan balance grows over time and interest is charged on the outstanding balance; the borrower remains responsible for property taxes, hazard insurance and home maintenance, and failure to pay these amounts may result in the loss of the home; interest on a reverse mortgage is not tax deductible until the borrower makes partial or full re-payment.