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A HECM for Purchase May Be The Right Program For You!

The Home Equity Conversion Mortgage (HECM) is commonly known as a “reverse mortgage.”

HECM loans were created in the 1980’s as a government-insured loan to help homeowners 62 and older convert some of their home equity into tax-free cash1. Recent changes to the program have made it a more effective way for eligible homeowners to gain financial flexibility while maintaining ownership of their home.

Possible Benefits of a HECM for Purchase Loan

• Borrowers continue to live in and OWN their home (primary residence only) so long as they continue to meet all terms and conditions of the loan
• There are no monthly mortgage payments
* Note: Borrowers must continue to make monthly/periodic property tax, insurance and maintenance payments, and may risk default if payments are not made.
• Might be appropriate for borrowers who are downsizing, moving to a one-level home, require handicap access, want to be closer to family or are moving to a senior community.


1 AFN is not a tax or financial advisor. Consult a licensed tax professional and appropriate government agencies regarding deductibility of interest and other effects on taxes. American Financial Network, Inc. is not acting on behalf of or at the direction of HUD/FHA or the federal government. Home must be primary residence. Other requirements and conditions may apply. Please contact your loan representative for more information. Products not available in all areas.

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American Financial Network, Inc., DBA Ideal Lending Solutions, is not a government entity; CORP NMLS# 237341 ; Equal Opportunity Employer ; Equal Opportunity Lender American Financial Network, Inc. 10 Pointe Drive, Suite 330, Brea, CA 92821. Click here to view our current licensing information as listed on NMLS® Consumer Access.

Equal Housing LenderAmerican Financial Network, Inc. is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. The federal agency that administers our compliance with these federal laws is the Federal Trade Commission, Equal Credit Opportunity, Washington, DC, 20580.

American Financial Network, Inc. is not acting on behalf of or at the direction of the federal government, and this offer is not being made by an agency of the government.