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Low-Cost-Reverse-Mortgage-Help
Low-Cost-Reverse-Mortgage-Help
Low-Cost-Reverse-Mortgage-Help
​iReverse Home Loans, Corporation
Branch Office * 8231 Tobago Lane, Wellington, FL  33414 * Branch NMLS #1613062
Branch Manager Russel Helfman M.B.A.   * Individual NMLS #387498
855-434-2349 (Phone) * 516-706-6125 (Fax)
Corporate Office * 7689 Sitio Algodon, Carlsbad, CA  92009 * Corporate NMLS #1564664
Low-Cost-Reverse-Mortgage-Help
We originate reverse mortgages in Florida, Texas and California
In Texas DBA “iReverse Home Loans of Texas, Corporation”
Have you thought about moving to a smaller home or a home better suited 
to your physical needs, but feared you would not be eligible based on today’s 
mortgage underwriting guidelines for income and credit qualifications? 

Or maybe you have delayed a move because of concerns such a move
 would exhaust too much of your available assets?












Maybe you should consider using the Home Equity Conversion Mortgage “For Purchase” option
 to make the purchase of a new home. The HECM for purchase is a federally insured 
Reverse Mortgage which offers borrowers age 62 and over the opportunity to downsize, 
live in homes better suited to their current lifestyle or to move closer to family and friends 
and NOT have a monthly mortgage payment. 

This loan option allows eligible seniors to obtain their new home using the proceeds of a Reverse Mortgage and not have to take on new mortgage payments.












Similar to other Reverse Mortgages, there must be some equity in the home in order
 to qualify for the Reverse Mortgage so a down payment on the new property is necessary.  


But the Reverse Purchase loan means that you will not have to pay the entire purchase price in cash, 
just the down payment. So there will be more of your assets available if the necessity arises.












We can work with your Realtor to explain how the program works and assist in every step of the process.

Some guidelines for the program do include:
  • Borrowers are required to occupy the new residence within 60 days of closing.
  • No seller contributions are allowed.
  • The purchased home must be the primary residence.
  • Gift funds are 100% acceptable as a form of down payment.
  • There must be proof that the homeowner has eligible funds for the closing and must provide documentation.













If you have any questions about the "For Purchase" option of the Reverse Mortgage program, please contact us so we can explain any details of the program...​












For Purchase Option
Low-Cost-Reverse-Mortgage-Help
Low-Cost-Reverse-Mortgage-Help
Low-Cost-Reverse-Mortgage-Help
Low-Cost-Reverse-Mortgage-Help
Low-Cost-Reverse-Mortgage-Help
Reverse Mortgage Help Desk - Rated A+, The Honest Place to Find out How the Loan Works and If It’s Right for You.  Low Cost Loans Our Specialty.
Reverse Mortgage Help Desk - Rated A+, The Honest Place to Find out How the Loan Works and If It’s Right for You.  Low Cost Loans Our Specialty.
Reverse Mortgage Help Desk - Rated A+, The Honest Place to Find out How the Loan Works and If It’s Right for You.  Low Cost Loans Our Specialty.
Reverse Mortgage Help Desk - Rated A+, The Honest Place to Find out How the Loan Works and If It’s Right for You.  Low Cost Loans Our Specialty.
Low-Cost-Reverse-Mortgage-Help
Low-Cost-Reverse-Mortgage-Help
Low-Cost-Reverse-Mortgage-Help
​iReverse Home Loans, Corporation
Branch Office * 8231 Tobago Lane, Wellington, FL  33414 * Branch NMLS #1613062
Branch Manager Russel Helfman M.B.A.   * Individual NMLS #387498
855-434-2349 (Phone) * 516-706-6125 (Fax)
Corporate Office * 7689 Sitio Algodon, Carlsbad, CA  92009 * Corporate NMLS #1564664
Low-Cost-Reverse-Mortgage-Help
We originate reverse mortgages in Florida, Texas and California
In Texas DBA “iReverse Home Loans of Texas, Corporation”