10/13/2026
Your 70-year-old seller wants to downsize but doesn’t want a mortgage payment in retirement. There’s a loan built for exactly that.
A HECM for Purchase lets buyers 62 and older buy a new primary residence with a reverse mortgage.
How it usually works: they sell the current home, bring a substantial amount of cash toward the new purchase, and the reverse mortgage covers the rest. No monthly mortgage payment is required.
They still pay property taxes, insurance, and upkeep, so bring that up early.
For 2026, FHA’s nationwide HECM maximum claim amount is $1,249,125, a figure relevant to many higher-priced homes across the Front Range.
Bring a reverse-mortgage lender in at the first conversation, not after the offer.
Save this and send it to a lender partner you’d bring in on a deal like this.