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)

Larry is Very Professional Larry is very Professional, Knowledgeable and highly organized. He handled the entire process to our complete satisfaction. We would definitely recommend him to our family and friends.

Mike & Marie H — Dec 23, 2019

Very Helpful I am so glad I had Larry help me with my reverse mortgage. I talked to two other companies before choosing Larry. I could not have had a more professional and nice person to answer all my questions.

Dale A — Jun 14, 2018

Excellent Loan Officer Larry McAnarney was an excellent loan officer. Extremely helpful, always responding immediately to our questions or concerns. Larry knew what we needed and how to achieve it. We definitely recommend Larry

Jeff & JoAnne R — Jan 29, 2022