Reverse Purchase

A Reverse Purchase allows retirees and eligible borrowers over the age of 62 to partially finance the purchase of a new home. A Reverse Purchase works just like a Reverse Refinance by liquidating the equity that a potential borrower would establish with the purchase of a new home through the down payment.

For Example:

Bob and Sue are buying a $300,000 home but only have $200,000 to put down at closing. They are able to finance the remaining $100,000 by doing a Reverse Purchase that will liquidate the $200,000 equity they use to buy the home.

Branch 91163

(214) 347-8883

4201 Spring Valley Rd. Suite 1200

Dallas, TX 75244

NMLS# 2297

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This application should take you approximately 15 minutes to complete, and your progress will be saved as you complete each step. Please note that your session will timeout after 15 minutes of inactivity.

Please Have The Following Information

  • Current and Previous Addresses (2 years)
  • Current and Previous Employment Information
  • Income Information For All Borrowers
  • Bank Account (and Other Asset) Balanced and Information
  • Current Monthly Housing Expenses (Mortgage Payments or Rent)
  • If You Already Own Other Property:
    • Address(es) for Each Property
    • Approximate Market Value(s)
    • Rental Income
    • Mortgage, Property Tax and Insurance Information
  • If Working With A Real Estate Agent: Their Name, Company and Contact Information

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