A Savvy Strategy to Sell More Homes
The FHA-insured HECM for Purchase (H4P) can be a key ingredient in providing a way for your clients aged 62 and older to buy a home that better fits their lifestyle, without a monthly mortgage payment.*
Major Benefits for You and Your Clients:
The illustration below outlines the possibility and power of H4P. The required purchase payment from the borrowers’ funds vary depending on the borrower’s age(s). The remaining amount is financed by the H4P proceeds. Illustrations assume closing costs are financed into the loan.
Illustration is for educational purposes only and assumes a borrower who resides in Texas, with a fixed interest rate of 4.25% (6.876% APR) and financed fees of approximately 4% of the home value. First three priced homes’ rate quotes generated 11/03/2017. The $679,650 home value rate quote generated 1/26/18. Rates are rounded down to the nearest $50 and subject to change.
*The borrower must meet all loan obligations, including living in the property as the principal residence and paying property charges, including property taxes, fees, hazard insurance. The borrower must maintain the home. If the homeowner does not meet these loan obligations, then the loan will need to be repaid.
Retiring Boomers are choosing to maintain a comfortable lifestyle in ahomethatbetterfitstheirneeds. This opens up a huge market of potential clients who can benefit fromsellingtheircurrenthomeand purchasing another for retirement. This could helpyou:
HomeSafe® Loan amounts up to $4 Million
Homebuyers 62 or older who want to purchase a property that’s valued at up to $4 million can finance a significantly larger portion of the purchase price using this proprietary HomeSafe® financing tool. Condos appraised at $500,000 or more do not require FHA approval.
For any questions or if you have a client scenario you would like to discuss, please request a callback today:
For business and professional use only. Not for consumer distribution. This material is not from HUD or FHA and has not been approved by HUD or any government agency. The HomeSafe reverse mortgage is a proprietary product of Finance of America Reverse LLC, and is not affiliated with the Home Equity Conversion Mortgage (HECM) program. This material is not from HUD or FHA and has not been approved by HUD or any government agency.
HomeSafe® is currently available in AZ, CA, CO, CT, DC, FL, GA, HI, ID, IL, LA, MI, NJ, NY, NV, OH, OR, PA, RI, SC, TX, UT, VA, and WA.
We've been helping customers afford the home of their dreams for many years and we love what we do.
Company NMLS: 328527
CalDRE Company Lic: 01131611
Pacific First Financial Real Estate Loans, Inc. is not acting on behalf of or at the direction of HUD/FHA or the Federal Government. This material is not from HUD or FHA and has not been approved by HUD or any government agency.
4015 Pacific Coast HWY, Suite 202
Torrance, California 90505
Phone: (310) 214-9299
Pacific First Financial Real Estate Loans strives to ensure that its services are accessible to people with disabilities. Pacific First Financial Real Estate Loans has invested a significant amount of resources to help ensure that its website is made easier to use and more accessible for people with disabilities, with the strong belief that every person has the right to live with dignity, equality, comfort and independence.
Pacific First Financial Real Estate Loans makes available the UserWay Website Accessibility Widget that is powered by a dedicated accessibility server. The software allows pac1st.com to improve its compliance with the Web Content Accessibility Guidelines (WCAG 2.1).
Pacific First Financial Real Estate Loans accessibility menu can be enabled by clicking the accessibility menu icon that appears on the corner on the page. After triggering the accessibility menu, please wait a moment for the accessibility menu to load in its entirety.
Pacific First Financial Real Estate Loans continues its efforts to constantly improve the accessibility of its site and services in the belief that it is our collective moral obligation to allow seamless, accessible and unhindered use also for those of us with disabilities.
Despite our efforts to make all pages and content on Pacific First Financial Real Estate Loans website fully accessible, some content may not have yet been fully adapted to the strictest accessibility standards. This may be a result of not having found or identified the most appropriate technological solution.
If you are experiencing difficulty with any content on Pacific First Financial Real Estate Loans website or require assistance with any part of our site, please contact us during normal business hours as detailed below and we will be happy to assist.
If you wish to report an accessibility issue, have any questions or need assistance, please contact us by sending an email to: firstname.lastname@example.org