Great News For Florida's REALTORS, Developers,
Sellers and Senior HomeBuyers!


NOW, HomeBuyers 60 years of age or older can PURCHASE  a House or CONDO
as Primary Residence in Florida up to
$6,000,000 with
Reverse Mortgage Financing.

Both FHA and Proprietary Plan Reverse Mortgages Available.
Owner Occupied Properties: SFR,  2-4 RIN, Townhouses, and
NOW CONDOS*

Borrowers DO NOT make any Principal & Interest payments after closing,  as long as one of them lives it as primary residence, pay taxes, insurance, and any property charges

Examples -  Based On Age of Youngest Buyer:

Purchase
Price*

$200,000

$300,000

$500,000

$700,000

$1,000,000
Equity Edge*

$3,000,000
Equity Edge*

Age Of
Youngest

Cash Required To Close
(Including Closing Costs)*

62

$129,611

$191,686

$312,586

$445,243

$752,525

$2,112,525

70

$118,811

$175,486

$287,836

$408,542

$658,525

$1,830,525

*Estimates Based  on  Fixed Annual Rate of HECM: 4.56%, APR 6.019%  or Equity Edge: 7.050%  Fixed Annual Rate,   APR: 7.590% to 8.271%..* Lesser of Purchase Price or Appraised Value or FHA Lending Limit of $679,650. Or Equity Edge Lending Limit of $6,000,000. Condo approval by Lender requred.  EquityEdge Purchase 2-RIN Only. Subject to Financial Assessment and other conditions. Pre-Paids not included in Closing Costs. Subject to errors and omissions and changes without prior notice.            9/26/2018



Please Note: if your Buyer has $300,000 to buy All Cash, a 70 years old Buyer could buy a $500,000 home with $287,386 including Closing Costs!
Do your Real Estate Math!

 

There is a rapidly growing market of Seniors and Baby Boomers buying properties in Florida. You can provide a valuable service for Buyers and Sellers and  increase your real estate earnings.

As a Loan Originator, a Senior and a Reverse Mortgage Mortgagor (I have a Reverse Mortgage on my own home), and former REALTOR, I can vouch for the fact that, for many, a Reverse Mortgage can be a blessing.

 

 
 View a short PresentationFor REALTORS on the Reverse Mortgage For Purchase Program:  

Jumbo for REALTORS:  

 Send a short presentation on the Reverse Mortgage for Purchase to your Customer: 
ENGLISH
ESPANOL

JUMBOS:

 

REQUEST A FREE, NO OBLIGATION ESTIMATE OF THE FUNDS YOUR BUYERS WOULD NEED TO BRING TO THE CLOSING TABLE WITH REVERSE MORTGAGE FINANCING

 

As a former REALTOR,
I understand YOU.
As a Reverse Mortgage
 Borrower,
I understand
your BUYER

 
 

 

Reverse Mortgage Home Purchase Estimate Request

If you are Realtor for a Senior Buyer please fill only the Last Name of your customer as identifier. Any contact will be through you. Please include as much requested information as possible. Estimates will be more accurate when Dates of Birth are provided. If you prefer you can print the form and fax it to 786-345-0783 or email it to RodKohly@gmail.com View Privacy Policy: http://HappySeniorHomeOwners.com/PrivacyPolicy

HECM PURCHASE ESTIMATE Request Information Form