Estimate how much a reverse mortgage could cover on a new home when downsizing (age 62+).
Reverse mortgage covers ~
$0
You'd need to bring ~
$0
Includes about $0 upfront FHA mortgage insurance (2% of the lesser of the price or the FHA limit).
HECM for Purchase (age 62+) lets you buy a home with a reverse mortgage and no required monthly mortgage payment, you still pay taxes, insurance, and upkeep. The principal limit factor depends on your age and rates; Ashlar Lending can pull your real number.
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This calculator is an educational estimate, not an appraisal, offer, or financial advice. Actual results depend on your specific figures, financing, and market conditions. Serve First Realty is a licensed California real estate brokerage; Ashlar Lending arranges financing separately.
Working the numbers on a California move? Serve First represents you on the property, Ashlar Lending handles financing, and Ashlar LDA prepares the paperwork, one family, one team.
Serve First Realty California DRE# 02298264 Roseville, CA