Larry McAnarney
815-703-4745

Can I use a reverse mortgage to purchase a home?

Yes, with the HECM (Home Equity Conversion Mortgage) for Purchase loan, qualified borrowers can use their loan proceeds to buy a home that better suits their needs and lifestyle. It’s a home financing option that can make it easier for buyers age 62 and older to afford the home they want, while preserving more of their savings.

Verified Reviews

(233)

We Were Nervous About Reverse Mortgages… We were nervous about reverse mortgages, not knowing what to expect. So glad we got to work with Larry McAnarney. He put to rest all our concerns and dealt with our numerous questions with patience and tons of knowledge. Would gladly recommend him.

Anna G — May 12, 2022

Easy to Accomplish All of the information and steps we presented were easy to accomplish. Larry made available all the answers and other persons to ease the process and achieve the desired outcome. It’s a smooth process! .

Chuck & Lisa N — Jun 26, 2023

Larry Was Very Professional & Explained Everything Larry was excellent. He introduced us to the reverse mortgage program and then helped us through all the steps, answering our questions and giving us updates on what was happening. Throughout it all, his knowledge, competence, patience and kindness made it easy for us to understand. It was a pleasure to work with him and we would recommend him to anyone.

Doris G — May 13, 2020