Larry McAnarney
815-703-4745

Can I use a reverse mortgage to purchase a home?

Yes, with the HECM (Home Equity Conversion Mortgage) for Purchase loan, qualified borrowers can use their loan proceeds to buy a home that better suits their needs and lifestyle. It’s a home financing option that can make it easier for buyers age 62 and older to afford the home they want, while preserving more of their savings.

Verified Reviews

(216)

Let US Set the Pace Larry gave us his all and let US set the pace. Answered all our questions and concerns that came up. Very knowledgeable and showed true interest on our behalf. If anyone ever considers a Reverse Mortgage....call Larry! I know I'll be referring him!

Mike & Leslie H — Mar 11, 2019

Great experience Larry McAnarney was just super. He helped us stay organized and explained everything that needed to happen to complete the reverse mortgage. We really couldn't have done it without him. Like anything that's associated with the government, there are lots of hoops to jump through. But Larry was very patient with our questions and was easy to work with from start to finish. My wife was getting impatient with the process and said some things that would have caused most people to say good-bye, but Larry stayed calm and didn't put any pressure on us to make a final decision. He treated us with respect and wanted to be sure that WE were happy with what we were doing. I'd highly recommend Larry to anyone who is considering a second mortgage. It was a great experience.

Terry M — Aug 14, 2015

Larry Made it Great Larry McAnarney made it great. Give him a raise. .

Kathryn G — May 16, 2023