Purchase your next home using a reverse mortgage and enjoy no Monthly Principal and Interest Mortgage Payments

The Reverse Mortgage for Purchase Program could allow you to:

  • Downsize for more affordable living
  • Purchase single level, more accessible home.
  • Relocate closer to family and other services.
  • Retain liquid assets for other retirement needs.
  • Purchase your dream home and have no monthly mortgage payment. (payment of property taxes and insurance is still required)

Purchase Guidelines

  • Homebuyer must be 62 years or older
  • Home must be primary residence. (no second home, vacation or investment properties)
  • Must have a sizable down payment from allowable funding source
  • Home must meet FHA standards
  • Occupy the property within 60 days of closing
  • Seller is not allowed to pay or contribute to any closing costs.
  • Must pass a financial assessment

Eligible Properties

  • Single family homes
  • 2-4 unit properties
  • Townhomes
  • Condominiums (development must be FHA approved)
  • New Construction (must be complete with Certificate of Occupancy prior to application date)

These are complex financial transactions. Please feel free to contact one of our experienced, licensed mortgage professionals to get more information about this special program.

This information is not intended to be a substitute for legal, tax or financial advice.

Better Business Bureau
Equal Housing Lender
National Association of Mortgage Brokers
Loan approval is not guaranteed and is subject to verification of specific information that is requested at time of application. Specified rates may not be available to all borrowers. Rates subject to change.
Omni Fund Inc. NMLS MB# 4869.
BRE# 0143-0833
Toll Free 1-877-307-6454

This material is not from HUD or FHA and has not been approved by HUD or any government agency.