HECM for Purchase (H4P) Calculator
Buy your next home with a reverse mortgage — make a one-time down payment and have no required monthly mortgage payments for as long as you live there.
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A HECM for Purchase (H4P) lets buyers 62+ purchase a new primary residence with a reverse mortgage. You make a single down payment and the loan covers the rest, with no required monthly mortgage payment while you live there.
It’s popular for right-sizing in retirement — moving closer to family or into a more accessible home while preserving cash flow.
Frequently asked questions
How much down payment do I need?
It depends on age, expected rate, and price — usually a substantial percentage. This gives an illustrative estimate; a loan officer confirms exact figures.
Do I still have monthly payments?
No required monthly mortgage payment. You still pay taxes, insurance, HOA dues, and maintenance.
Who is eligible?
Generally borrowers 62+ buying a primary residence who can cover the down payment and property charges and complete counseling.
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