Mutual of Omaha Reverse Mortgage

Mutual of Omaha Mortgage is committed to helping homeowners 62 and older achieve greater financial flexibility in retirement, while creating new opportunities for the Realtors who serve them.
Many buyers 62 and older assume they must either pay cash for their next home or take on another monthly mortgage payment. The FHA-insured Home Equity Conversion Mortgage (HECM) for Purchase offers another option: buyers can purchase a new primary residence with a significant down payment and a reverse mortgage covering the balance. Because there’s no required monthly principal and interest payment, clients often preserve more savings while improving monthly cash flow — a real advantage for buyers relocating to, from, or within The Cape and Islands.
This program can help you:
• Reach clients who assumed they couldn’t afford to move.
• Increase a buyer’s purchasing power by lowering monthly housing costs.
• Help buyers relocate closer to family or find a home better suited for aging in place.
• Offer a financing option many of your clients have never considered.
Today’s buyers 62 and older are making decisions based on lifestyle, family, and financial security — not simply downsizing. Understanding the HECM for Purchase gives you another tool to help them get there.