a white background with a swirl in the middle

HECM For Purchase in Florida

a man and woman shaking hands in front of a house
a white background with a black gradient in the middle

HECM for Purchase Basics:

  • Down payment is about 1/2 the sales price
  • No required mortgage payments (payments are optional)
  • Minimal credit and income requirements
  • At least one borrower needs to be 62 or older
  • Federally insured for your protection

At some point in retirement the decision for many seniors to “Right-Size” starts with carefully identifying your priorities, requirements, stage in life, and matching it to the home or community that is a perfect fit for you whether it be:

  • Upsizing to a home that better fits your lifestyle
  • Downsizing to a home that is more manageable
  • Moving to a new “active” retirement community
  • Moving closer to family

Use the (Home Equity Conversion Mortgage) HECM for Purchase (H4P) product to buy a “Right- Sized” home that fits your needs without the financial burden of a mortgage payment. Combining a one-time down payment with the proceeds from a HECM allows you to complete a purchase transaction making it the same as if you bought your home with 100% cash.

Since you don’t need 100% of the purchase price, the savings can allow you to reinvest the money back into your savings. The H4P can be just the thing you need to start living your retirement your way.


Jim and Carol sold their home up north and want to purchase their dream retirement home without a monthly mortgage payment, but they also don’t want to spend all their cash.

How can they accomplish both?

The answer is with the HECM for Purchase!

COST of New Home $300,000
HECM Proceeds 51%
Cash Saved $153,500

Jim and Carol now live in their new home with NO mortgage payments and they have a significant amount of cash left over for future needs.

The #1 Rated HECM For Purchase Company

Your personal HECM for purchase advisor is there to quickly provide answers to your questions while working at your pace. They are with you from initial consultation to closing and any point in between.

Why Choose Senior Lending for H4P?

  • Less paperwork and an online application streamline’s the process
  • A personal loan advisor will keep you up to date on the progress of your application
  • Our H4P advisors will help you understand all the details so you get the best mortgage option for you
  • We provide the lowest wholesale mortgage rates available in the market

Apply For A HECM For Purchase Today!

"*" indicates required fields

Step 1 of 3