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Can You Spot The $305,100
Difference In These Identical Homes?
The difference between these identical homes is that any US citizen or permanent resident alien 62 years old or better can buy this $565,000 home with just $305,100 down and no monthly payment (excluding taxes and insurance) as long as they live in the house. For instance, this is an example of a home that meets the program's qualifications. It's a beautiful 3-bedroom home in a quiet neighborhood close to shopping and all the amenities.
New Government Backed Program
It's part of a new government-backed mortgage program that allows people aged 62 and above to buy retirement homes with a one-time down payment of between 45% and 65%, and never have a mortgage payment as long as they live in the house.
To qualify for the program, you or your spouse must be at least 62 years old, have a cash down payment or equity of 45% to 65%, not be in the middle of a foreclosure, have recently had a short sale of an FHA loan, or have an open bankruptcy. Being older than 62 means even less money to put down, as low as 45%.
New Government Backed Program
You can use this program to purchase or refinance virtually any single-family home, condominium, or multi-family home with up to 4 units.
The same program can be used to stay in your current home, pay off your existing mortgage, and have optional monthly mortgage payments, all while gaining access to a growing, tax-free line of credit that you can tap into whenever needed.
Free Book Double Your Retirement Dollars
It's easy to learn all the details about this Government-backed mortgage program. You can get a Free Book with all the details just by clicking here

