Boost Your Clients' Buyer Purchasing Power with a Home Equity Conversion for Purchase (H4P) loan!

Learn how you can assist your clients  62 and better in purchasing their retirement dream home with a Home Equity Conversion for Purchase (H4P) loan with: 

• Just a fraction of the purchase price as a downpayment (as low as 45%-70%*)
• No required monthly mortgage payments (must still pay critical property charges, taxes, and insurance) 
• Protection against declining home values

Today's Home Equity Conversion Mortgage for Purchase (H4P) loans have the potential to significantly enhance your home purchasing power and retirement cash flow strategy. 

H4P Loan Benefits: 

• Preserve your cash reserves. An alternative to cash purchase, an H4P loan allows you to purchase a new home and bypass the obligation of monthly mortgage payments. With an initial downpayment of 45%-70% of the home's purchase price*, you can liberate a significant portion of your finances for other purposes. You must reside in the home and pay for essential property expenses, such as taxes and insurance. 
• Non-recourse feature. The FHA Insurance assures that you (or your heirs) won't be responsible for mortgage debt exceeding the home's value when the loan matures (the loan generally becomes due and payable when the last surviving borrower permanently vacates the home or passes away).**
• Generally easier to qualify for. In contrast to a traditional mortgage, H4P loans primarily on the borrower's capacity to pay ongoing property charges without mandating monthly principal and interest payments. H4P loans don't impose minimum credit score requirements. 

In short, an H4P loan combines the advantages of both a cash transaction and a traditional mortgage.

* The required down payment on your new home is determined by a number of factors, including your age (or eligible non-borrowing spouses' age, if applicable); current interest rates; and the lesser of the home's appraised value or purchase price. 

** There are some circumstances that will cause the loan to mature and the balance to become due and payable. The borrower is still responsible for paying property taxes,  insurance, and maintaining the home. Credit is subject to age, property, and some limited debt qualifications. Program rates, fees, terms, and conditions are not available in all states and are subject to change.