Ken Keranen's (kennyarnold) Blog

If your client is thinking about using the FHA Reverse Mortgage for Home Purchase Program to buy their retirement home, I think that you could begin by estimating the approximate down payment needed.  You can do this by going to a reverse mortgage calculator like the one we have at HomeServices L...

When using the FHA Reverse Mortgage for Home Purchase Program, you need to know how much of a down payment is needed for the client to bring in.  None of the public reverse mortgage calculators address this issue.However, it really is quite simple.  Here's what you can do to obtain the approximat...

Sometimes a Realtor should say YES! to paying for a repair on behalf of a buyer.  FHA does not permit the senior buyer to pay for any costs of repairs for a home purchase when using their Reverse Mortgage for Home Purchase Program. I ran into a situation today where neither the seller (a major ba...