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Residential Builders

We have loan products and services for all the buyers who want to live in one of your newly built homes, from growing families to households ready to right-size into your latest sustainable project.  

If some of your projects serve an older demographic, make sure they’re aware of their reverse mortgage options. With a reverse mortgage option, your potential clients come in with a down payment, using proceeds from the sale of their previous home or other savings and assets, and a reverse mortgage furnishes the rest to complete the purchase. The result is your buyers can preserve their cash for other retirement needs or use their increased purchasing power to upgrade to the must-have amenities that are your signature brand. 

The HECM for Purchase gives your buyers greater financial flexibility and control over how and where they want to live while you watch your revenues and profits grow from more home sales.

Boost Your Buyers’ Purchasing Power with HECM for Purchase loans

Did you know homeowners 62 and up have over $9.5 trillion¹ tied up in home equity? By incorporating HECM for Purchase loans into your business, you can open a new, growing market segment giving you the ability to close more deals on higher-value properties. The HECM for Purchase gives your buyers greater financial flexibility and control over the communities and homes of their dreams.

builder iconHow It Works

How a HECM for Purchase works is simple. Buyers, who must be 62 or older to participate, put down a portion (e.g. 60%) of the new home’s price, and the mortgage lender puts down the rest to complete the purchase. The lender’s portion, however, does not have to be repaid until the borrower leaves the home or does not otherwise comply with the loan terms. With no monthly mortgage payments to make, buyers may choose to use their added buying power to purchase a larger model or additional builder upgrades. Borrowers must continue to maintain the property, pay taxes and homeowners insurance, and otherwise comply with all loan terms.

HECM for purchase loan exampleThe Impact on Your Business

What This Means for Your Buyers


More AAG Options: VA, FHA, traditional, refinance, jumbo, jumbo reverse, reverse for purchase and jumbo reverse for purchase loans.


¹Senior Housing Wealth Tops 9.5 Trillion for First Time" – Reverse Mortgage Daily. October 17, 2021.


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