HECM Reverse Mortgage for Purchase Calculator

HECM for Purchase: How much can you qualify for?
Yes, you can finance a home purchase without a mortgage payment! This calculator estimates how much financing you can get from an FHA-insured HECM reverse mortgage. No contact information is required. Enter your age and the purchase price of the home in the fields below, then click 'Next' to continue.
Age (of youngest borrower):
Purchase price:
This reverse mortgage calculator is for informational purposes only. MyHECM.com is not a lender. Lender-quoted proceeds, rates, and closing costs will vary. Please get a formal quote from a licensed reverse mortgage lender before making a financial decision. This calculator reflects the 1/1/2023 lending limit change.