Reverse Mortgage Insights
Reverse Mortgage for Purchase: What H4P Is and How It Works
CA DRE #01456165, #01450361 · NMLS #307713 · AZ #1022722 · Updated May 2026
Reverse Mortgage for Purchase (H4P) basics for buyers 62+: simultaneous close, required borrower contribution, primary residence rule, and next steps in California and Arizona.
A Reverse Mortgage for Purchase (often called H4P) lets eligible borrowers use a Home Equity Conversion Mortgage to buy a new primary residence in one transaction. You bring required funds from savings or sale proceeds; the HECM covers the remainder. There is no required monthly principal-and-interest payment as long as you meet loan obligations.
For the program name used on disclosures and counseling, see the companion overview on HECM for Purchase. Official framework is published by HUD under the HECM program.
Who it fits
H4P is commonly used by retirees who want to relocate, right-size, or pair home equity with a purchase — including creative cases like a 4-plex purchased with a reverse mortgage for purchase.
Plan by state
- HECM for Purchase in California (2026)
- HECM for Purchase in Arizona
- Reverse mortgage purchase down payment
- Can I use a reverse mortgage to buy a new home?
This material is not from HUD or FHA. All reverse mortgage loans are subject to credit and property approval.