HECM for Purchase Program

For Seniors:
a chance to get the home they really want.

For You:
an opportunity to build your business.


More than 350,000 seniors buy a home each year

Couple SmilingEven more might do so if they knew about this option. HECM for Purchase loans can help you capture your share of this growing market. To build a HECM for Purchase business, you need a quality lender and reverse mortgage partner; that’s where Longbridge Financial comes in.

A HECM for Purchase boosts seniors’ purchasing power, making it easier to afford the home they want or need without compromise—one that’s better suited to their physical needs, closer to family, or in a warmer climate. Seniors with limited income who are concerned about being able to afford a new home through a cash purchase, traditional mortgage or tapping into their savings, a HECM for purchase can be a great option.


Our HECM for Purchase Program gives you:

Staff iconDedicated staff and process
Our HECM for Purchase team is solely focused on the workflow specific to the things that are important for your H4p files — so yours won’t be commingled with other HECM products.

Speed iconSpeed
Our experienced underwriters and closers are committed to industry-leading turn times: 24 hours for new submissions and same day for condition submissions ensuring that you loan closes on a timely basis and letting you focus on new production.

Flexible iconUnderwriting flexibility
HECM for Purchase files may receive an underwriting approval without an appraisal, based on the condition of receiving an acceptable appraisal.

Conversation iconEfficient, effective communication
You’ll work directly with our personnel and management—no intermediaries. With regular updates, starting with immediate receipt notification of any new or condition submissions, you’ll be confident that your files are in good hands. Plus, we respond to questions within 24 hours, to make the process fast, accurate, and efficient.

Star iconTraining and rewards
We’ll provide tips and training materials to help you submit files that ensure a smooth process and the quickest turn times. Plus, we offer a unique rewards program for those who submit “two-touch only” files—ask us how to get started.


HECM for Purchase at a Glance

What is it?
A Home Equity Conversion Mortgage (HECM) for Purchase is a reverse mortgage designed for senior home buyers allowing them to purchase a new home without having to make monthly mortgage payments*.

Who is Eligible?
Homeowners, age 62 and older

How does it help older homeowners?

  • Can help improve cash flow and preserve retirement assets
  • Gives buyers more flexibility to afford the home they want or need
  • Protects the estate from never owing more than the home is worth

* Borrower is responsible for property taxes, homeowner’s insurance, HOA and property maintenance in order for the loan to remain in good standing. A HECM is a home-secured loan that must be repaid upon default or a maturity event, such as when the home is sold, all homeowners have passed away, or the last surviving borrower no longer lives there as their primary residence.

Learn How to Become a Partner Today