HECM for Purchase is the FHA-insured loan that lets eligible borrowers age 62+ buy a new principal residence and finance part of the price with a reverse mortgage. The loan typically closes at the same time as the purchase contract. Borrowers must complete HUD-approved reverse mortgage counseling before closing.

The consumer-facing name is often Reverse Mortgage for Purchase (H4P); the program mechanics are the same.

Core obligations

You must occupy the home as your primary residence, stay current on property taxes and homeowner's insurance, and maintain the property. Program rules are set by HUD and participating lenders apply overlays.

Regional guides

California HECM for Purchase
Arizona HECM for Purchase
HECM purchase vs conventional mortgage at 65

This material is not from HUD or FHA. All reverse mortgage loans are subject to credit and property approval.