Interested in purchasing this property for Minimum cash out of pocket?
Based on your age, here’s what you can pay for this beautiful
condo/home
Using a FHA-insured home equity conversion mortgage, you can own this beautiful condo/home
for a fraction of the actual purchase price and NEVER have a monthly mortgage payment!
(Minimal Credit and Income Requirements)
Please contact me to learn more:
Vickie Harvey
Synergy One Lending/Retirement Funding Solutions
NMLS #997705
[email protected]
614-206-1224
©2014-2015 Fixed Rate of 5.06% as of June 1, 2015. Recent interest rates range from 6.57% - 6.85% APR. Loan charges will include origination fees, mortgage insurance premiums, and settlement costs which are to be determined. Some of these fees may be financed into the loan. Interest rates and funds available may change without notice and not be available at time of loan commitment. Prices subject to change. This information is for illustrative purposes only. Estimated fees, including upfront FHA mortgage insurance premium, range from $3,125 to $15,000 depending upon the value of the home (included in mortgage). Closing costs vary from state to state and can affect down payment. Your loan balance and accrued interest will become due and payable upon maturity or default event such as no longer living in the hoe as your primary residence, failing to pay your hazard insurance or property taxes, or failing to maintain your property. These materials are not from and were not approved by HUD or FHA.
PURCHASE
PRICE
$125,000
$150,000
$175,000
$200,000
$225,000
AGE
DOWN
PAYMENT
DOWN
PAYMENT
DOWN
PAYMENT
DOWN
PAYMENT
DOWN
PAYMENT
62
$ 65,611
$ 77,986
$ 90,611
$103,286
$115,861
65
$ 63,486
$ 75,636
$ 87,786
$ 99,936
$112,086
68
$ 60,736
$ 72,136
$ 83,786
$ 95,436
$107,086
70
$ 59,236
$ 70,036
$ 81,836
$ 93,136
$104,436
73
$ 56,361
$ 66,836
$ 77,061
$ 88,036
$ 98,761
75
$ 54,361
$ 64,686
$ 75,011
$ 85,336
$ 95,661
77
$ 51,861
$ 61,486
$ 71,361
$ 81,236
$ 91,111
80
$ 48,986
$ 58,236
$ 67,486
$ 76,736
$ 85,986
83
$ 45,611
$ 53,986
$ 62,611
$ 71,236
$ 79,861
Interested in purchasing this property for Minimum cash out of pocket?
Based on your age, here’s what you can pay for this beautiful
condo/home
Using a FHA-insured home equity conversion mortgage, you can own this beautiful condo/home
for a fraction of the actual purchase price and NEVER have a monthly mortgage payment!
(Minimal Credit and Income Requirements)
Please contact me to learn more:
Vickie Harvey
Synergy One Lending/Retirement Funding Solutions
NMLS #997705
[email protected]
614-206-1224
©2014-2015 Fixed Rate of 5.06% as of June 1, 2015. Recent interest rates range from 6.57% - 6.85% APR. Loan charges will include origination fees, mortgage insurance premiums, and settlement costs which are to be determined. Some of these fees may be financed into the loan. Interest rates and funds available may change without notice and not be available at time of loan commitment. Prices subject to change. This information is for illustrative purposes only. Estimated fees, including upfront FHA mortgage insurance premium, range from $3,125 to $15,000 depending upon the value of the home (included in mortgage). Closing costs vary from state to state and can affect down payment. Your loan balance and accrued interest will become due and payable upon maturity or default event such as no longer living in the hoe as your primary residence, failing to pay your hazard insurance or property taxes, or failing to maintain your property. These materials are not from and were not approved by HUD or FHA.
PURCHASE
PRICE
$250,000
$275,000
$300,000
$350,000
$400,000
AGE
DOWN
PAYMENT
DOWN
PAYMENT
DOWN
PAYMENT
DOWN
PAYMENT
DOWN
PAYMENT
62
$ 128,486
$ 141,111
$ 153,736
$ 178,736
$ 203,986
65
$ 124,236
$ 136,386
$ 148,786
$ 173,086
$ 197,386
68
$ 118,736
$ 130,386
$ 142,036
$ 165,086
$ 188,386
70
$ 115,736
$ 127,036
$ 138,586
$ 161,186
$ 183,786
73
$109,736
$ 120,211
$ 130,936
$ 152,136
$ 173,586
75
$105,986
$ 116,311
$ 126,886
$ 147,536
$ 168,186
77
$100,986
$110,861
$ 120,736
$ 140,236
$ 159,986
80
$ 95,236
$104,486
$ 113,986
$ 132,486
$ 150,986
83
$ 88,486
$ 97,111
$105,736
$ 122,736
$ 139,986
Are You 62 or Better?
or Older?
Interested in purchasing this property for Minimum cash out of pocket?
Based on your age, here’s what you can pay for this beautiful
condo/home:
Using a FHA-insured home equity conversion mortgage, you can own this beautiful condo/home
for a fraction of the actual purchase price and NEVER have a monthly mortgage payment!
(Minimal Credit and Income Requirements)
Please contact me to learn more:
Vickie Harvey
Synergy One Lending/Retirement Funding Solutions
NMLS #997705
[email protected]
614-206-1224
©2014-2015 Fixed Rate of 5.06% as of June 1, 2015. Recent interest rates range from 6.57% - 6.85% APR. Loan charges will include origination fees, mortgage insurance premiums, and settlement costs which are to be determined. Some of these fees may be financed into the loan. Interest rates and funds available may change without notice and not be available at time of loan commitment. Prices subject to change. This information is for illustrative purposes only. Estimated fees, including upfront FHA mortgage insurance premium, range from $3,125 to $15,000 depending upon the value of the home (included in mortgage). Closing costs vary from state to state and can affect down payment. Your loan balance and accrued interest will become due and payable upon maturity or default event such as no longer living in the hoe as your primary residence, failing to pay your hazard insurance or property taxes, or failing to maintain your property. These materials are not from and were not approved by HUD or FHA.
PURCHASE
PRICE
$450,000
$475,000
$500,000
$550,000
$600,000
AGE
DOWN
PAYMENT
DOWN
PAYMENT
DOWN
PAYMENT
DOWN
PAYMENT
DOWN
PAYMENT
62
$ 229,236
$ 242,111
$ 254,736
$ 279,736
$ 304,986
65
$ 221,436
$ 233,586
$ 245,986
$ 270,286
$ 294,086
68
$ 211,686
$ 223,586
$ 235,236
$ 258,286
$ 281,586
70
$ 206,136
$ 217,436
$ 228,986
$ 251,586
$ 273,686
73
$ 195,036
$ 206,011
$ 216,736
$ 237,936
$ 259,386
75
$ 188,586
$ 198,911
$ 209,486
$ 230,136
$ 250,286
77
$ 179,736
$ 189,861
$ 199,736
$ 219,236
$ 238,986
80
$ 169,236
$ 178,486
$ 187,986
$ 206,486
$ 224,486
83
$ 157,236
$ 166,111
$ 174,736
$ 191,736
$ 208,986
Interested in purchasing this property for Minimum cash out of pocket?
Based on your age, here’s what you can pay for this beautiful
condo/home
AGE
60
59
57
55
50
PURCHASE
PRICE
DOWN
PAYMENT
DOWN
PAYMENT
DOWN
PAYMENT
DOWN
PAYMENT
DOWN
PAYMENT
$ 125,000
$ 67,486
$ 67,986
$ 69,611
$ 70,736
$ 74,611
$ 150,000
$ 80,436
$ 80,836
$ 82,986
$ 84,136
$ 88,986
$ 175,000
$ 93,386
$ 93,936
$ 96,361
$ 97,786
$ 103,361
$ 200,000
$ 106,336
$ 107,036
$ 109,736
$ 111,436
$ 117,736
$ 225,000
$ 119,286
$ 120,136
$ 123,111
$ 125,086
$ 132,111
$ 250,000
$ 132,236
$ 133,236
$ 136,486
$ 138,736
$ 146,486
$ 275,000
$ 145,186
$ 146,336
$ 149,861
$ 152,386
$ 160,861
$ 300,000
$ 158,386
$ 159,436
$ 163,486
$ 166,036
$ 175,486
$ 350,000
$ 184,286
$ 185,386
$ 190,236
$ 193,086
$ 204,236
$ 400,000
$ 210,186
$ 211,586
$ 216,986
$ 220,386
$ 232,986
$ 450,000
$ 235,836
$ 238.286
$ 243,486
$ 247,686
$ 261,486
$ 475,000
$ 248,786
$ 254,136
$ 256,861
$ 261,586
$ 275,861
$ 500,000
$ 261,986
$ 264,236
$ 270,986
$ 275,236
$ 290,486
$ 550,000
$ 287,886
$ 290,186
$ 296,736
$ 302,286
$ 319,236
$ 600,000
$ 313,286
$ 316,886
$ 322,986
$ 329,586
$ 347,486
Are You 62 or Better But Your Spouse
Isn’t?
FHA-insured Loan Lets You Buy Your Dream
Home With No Monthly Mortgage Payments
If you’re at least 62 then you will want to learn about the FHA-insured HECM for Purchase
program, or H4P for short.
The H4P program was launched in January, 2009. However, you may not be aware of this
program because it is not frequently advertised to the public. Currently, Synergy One
Lending/Retirement Funding Solutions is one of the few lenders offering the program. In other
words, it’s very unlikely that your local bank specializes in this program.
How Does The H4P Program Work?
First, you need to be aware that the program is insured by the federal government and the rules
allow you to buy your dream home for as little as 40% down and NEVER make a monthly
mortgage payment.
Every day I hear “it sounds too good to be true, what’s the catch?” The only catch is you have to
be at least 62 and the new home has to be your primary residence.
1
Next, the amount required to bring to closing is based on the youngest borrower’s age and the
purchase price of the home. For example, a 70 year old purchasing a $200,000 home would
bring just $93,136 to closing.
2
That’s it…and never make a single monthly mortgage payment!
How Do I Learn More?
For complete details, contact us today at:
Vickie Harvey
NMLS #997705
614-206-1224
[email protected]
Ann Marie Harrison, Licensed HECM Loan Officer, offers weekly seminars on Tuesday
evenings from 5:45 – 7:15 pm. Please register for our next presentation using the information
below.
HECM for Purchase Seminar
Day and time:
Tuesday from 5:45 – 7:15 pm
Location:
5950 Venture Drive, Suite B, Dublin, Ohio 43017
Registration:
Call Patty at 614-339-0432 or email at: [email protected]
1
Borrower must maintain home as primary residence and remain current on property taxes and homeowner’s insurance
2
