If you are 62 or older, you could buy the Shea home you’ve always wanted by using an FHA-insured* Home Equity Conversion Mortgage (HECM) for Purchase. Plus, have no monthly mortgage payment! With the HECM for Purchase option, you combine a one-time payment of your own funds with loan proceeds to complete the transaction. You can preserve more of your hard-earned nest egg and enjoy greater financial flexibility? All while living in the home of your dreams at a Trilogy® Resort Community. Did you know with a HECM for purchase loan you:
- Have no required monthly mortgage principal or interest payments* - Significantly increase cash flow - Have the flexibility to get the home you really want - Can keep more assets to use as you wish
Learn More About our Home Equity Conversion Mortgage
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A HECM loan is available to ages 62 and above. The HECM loan allows the flexibility to never make a monthly P&I payment. You must occupy the home as your primary residence, pay property taxes, homeowner’s insurance, and HOA dues as well as maintain your home to be compliant with loan requirements. The HECM for purchase loan is insured by the Federal Housing Administration (FHA). This material has not been reviewed, approved or issued by the Housing and Urban Development (HUD), FHA or any government agency. This is not an offer for extension of credit nor a commitment to lend. Other conditions apply. Buyers of Shea Homes are not required to use Shea Mortgage as their lender, are free to use any lender of their choosing for the purpose of securing mortgage financing, are not limited to Shea Mortgage and are free to decline any incentives tied to the use of Shea Mortgage. Arizona Department of Financial Institutions License #0904079 California Bureau of Real Estate License - Real Estate Broker License #01197403, FL Office of Financial Regulation Mortgage Lender License #MLD111, North Carolina Commissioner of Banks License #L-106078, VA Licensed by the Virginia State Corporation Commission, Lender License #MC-5849, NMLS#40397,Washington Consumer Loan Company License No. CL-40397. Shea Mortgage does not originate HECM loans in the State of North Carolina. Shea Mortgage does not lend in the state of Nevada. For licensing information, please visit www.nmlsconsumeraccess.org.
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