HECM -Alternative financing for seniors. The only reverse mortgage insured by the U.S. Federal Government is called a Home Equity Conversion Mortgage (HECM), and is only available through an FHA-approved lender. The HECM is FHA’s reverse mortgage program that enables you to withdraw a portion of your home’s equity.
This property is eligible for:
Yes at 3.5% Down Payment of $10,675
Yes at 0% Down Payment
FHA Loan Limit
LAKE / FL – $331,760
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Are you a senior wanting to buy or sell a home during the Covid 19 pandemic? The information below will update you on the current state of real estate; including specific procedures followed by professional realtors.