Featured in HousingWire: Reverse Purchase Financing, An Overlooked Option

Reverse purchase financing or the “Home Equity Conversion Mortgage (HECM) for Purchase loan program,” can help older homebuyers improve their financial flexibility when purchasing a new home and help real estate professionals expand their business within a fast-growing segment of the market. Yet despite the opportunities this option presents, staggeringly few are aware of it’s existence.

At Longbridge, we’re committed to changing this – and our efforts start with educating both homebuyers and real estate professionals on reverse purchase financing.

Our very own National Purchase & Builder Sales Leader, Rob Cooper, recently shared his thoughts with HousingWire on the many benefits reverse purchase financing represents.

For senior homebuyers facing challenges such as market volatility, unpredictable interest rates, and limited purchasing power due to increasing debt, reverse purchase financing has the potential to boost purchasing power and be a true game-changer. So, why are so few homebuyers and agents aware of this option?

“The truth is the real estate industry hasn’t really needed to learn about this financing option over the past decade. We have experienced one of the longest ‘seller’s markets’ in our country’s history, so there wasn’t an immediate need for real estate professionals to educate themselves on financing tools beyond traditional mortgages or all-cash transactions,” Cooper said.

“They have been able to reach sales goals with relative ease for over a decade. But economic forecasts and housing market predictions suggest that businesses need to be prepared for another shake-up in the near future. And reverse purchase financing may finally find its rightful place within these industries,” he continued.

Read the full article in HousingWire to learn how Longbridge Financial is making strides in expanding educational efforts to help both homebuyers and real estate professionals realize the benefits of reverse purchase financing.

Hang on — stay and get your free quote the easy way.

Real customers share how a reverse mortgage helped them live worry-free.

Too much information? We understand. Just provide your name and number and a loan officer will call with your free quote.


By submitting your phone number you are providing your signature and express “written” consent to having Longbridge Financial LLC or our mortgage partners contact you about your inquiry at the phone number you have provided. You agree to be contacted via a live or automated prerecorded telephone call, text message, or email even if you have previously registered on a “do not call” government registry or requested Longbridge to not send marketing information to you. You understand that your telephone company may impose charges on you for these contacts, and you are not required to enter into this agreement as a condition of any Longbridge products or services. You understand that you can revoke this consent at any time by calling Longbridge Financial at 855-523-4326.

For information on how we collect and use personal information, please see our Privacy Notice.