Hassle-Free Homebuying for Seniors

Want a new home with upgrades, but don’t qualify for a loan? Looking to live closer to family, without lowering your standards? With the Reverse for Purchase Program from Reverse Mortgage of Texas, it’s possible for seniors to afford their dream homes — even if your new home is worth more than your current one.

Until now, buying a new home has been a challenge for seniors, who are often limited by fixed incomes. Even for seniors who own their own homes, or have substantial equity, buying a new home or moving to a new location can be difficult with a traditional loan. The Reverse for Purchase program was created to make it easier for seniors to buy new homes — whether you want to downsize, upsize, or move to a new location. Want to learn more? Click here, or call us at 972-784-8000.

What is a Reverse for Purchase Mortgage?

A Reverse for Purchase mortgage is an FHA-insured loan that allows a senior, age 62 or older, to buy a house by paying about 50% down, with no future mortgage payments. Homeowners must continue to pay property taxes, homeowner’s insurance, and any applicable HOA dues. Learn more.

• Buy a new home with 40-52% down.
• Reverse Mortgage of Texas puts up the rest.
• Never make another mortgage payment as long as you live in the home.
• Homebuyers must be 62 or older to qualify. (If married, both spouses must be 62 or older).
• Additional regulations apply.

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HighTechLending, Inc., Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act. NMLS #7147. Licensed in AZ# 0912577, CA# 4130937, CO #7147, FL #7147, HI #7147, IL #MD-6761112, MD #21762, NC #L-165611, NJ #7147, OR #ML4386, PA #49892, TX #7147,UT #8874117, VA #MC-5962, WA #7147. 2030 Main Street #350, Irvine, CA 92614. For Consumer Complaints please click on the "Consumer Complaints" link for more info.

All consumer complaints are handled by Lender Support Services, LLC. Should you have a complaint, for any reason, please email Stuart Scull at stuart@lendersupportservices.com or call 855-554-6155. Lender Support Services, LLC will follow up with you for resolution.

Pursuant to the requirements of Texas administrative code, Title 7, Section §81.200(c),You are hereby notified of the following: Consumers wishing to file a complaint against a Mortgage Banker or a licensed Mortgage Banker Residential Mortgage Loan Originator should complete and send a complaint form to the Texas department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin, Texas 78705. Complaint Forms and Instructions may be obtained from the department's website at www.sml.texas.gov. A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed mortgage banker residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department's website at www.sml.texas.gov.