Reverse Mortgage for Purchase Calculator

Live Payment-Free, Near Your Loved Ones or the Beautiful Beach! Live in your new home as long as
you want. Unlock Your Dream Home with a Reverse Mortgage for Purchase.


Use our convenient down payment calculator to estimate the amount you would need for a reverse mortgage for purchase. Simply input the purchase price of the home, your age, zip code, and state, and let our calculator do the rest.

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Reverse Mortgage Calculator

Get the desired amount as a line of credit or a lump sum. Our reverse mortgage calculator utilizes three key variables - estimated home value, remaining loan amount, and age of the homeowner - to determine how much tax-free cash you can access. By inputting these variables into the calculator, you can get an estimate of the potential funds that may be available to you through a reverse mortgage.

Reverse Mortgage Purchase Calculator

Use our convenient down payment calculator to estimate the amount you would need for a reverse mortgage for purchase. Simply input the purchase price of the home, your age, zip code, and state, and let our calculator do the rest.

Please update the values in the form
and click calculate.

Disclaimer - The information provided by this calculator is for illustrative purposes only and is not guaranteed to be accurate. The default figures shown are hypothetical and may not be applicable to your unique situation. It is important to consult with a licensed reverse mortgage professional before making any decisions based on the results obtained from this calculator. This calculator does not have the ability to pre-qualify you for any specific loan program. Qualification for loan programs may require additional information, such as credit scores and cash reserves, which are not gathered in this calculator. MakeFloridaYourHome does not guarantee the accuracy or reliability of the information obtained from this calculator. Please consult with a qualified professional for personalized advice and information regarding your specific reverse mortgage for purchase scenario.

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Next Wave Mortgage, LLC | NMLS ID 2536820


Copyright © 2024 Make Florida Your Home. All Rights Reserved.

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Address

2430 E Commercial BLVD #3, Fort Lauderdale, FL 33308

Email

Phone

617-529-9317

Next Wave Mortgage is not affiliated with any government agencies. These materials are not from VA, HUD or FHA, and were not approved by VA, HUD or FHA, or any other government agency.

Reverse mortgage borrowers are required to obtain an eligibility certificate by receiving counseling sessions with a HUD-approved agency. The youngest borrower must be at least 62 years old. Monthly reverse mortgage advances may affect eligibility for some other programs.

This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates, and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply.

Complaints may be directed to: [email protected]. For licensing information, please visit http://www.nmlsconsumeraccess.org