Larry McAnarney
815-703-4745

Can I use a reverse mortgage to purchase a home?

Yes, with the HECM (Home Equity Conversion Mortgage) for Purchase loan, qualified borrowers can use their loan proceeds to buy a home that better suits their needs and lifestyle. It’s a home financing option that can make it easier for buyers age 62 and older to afford the home they want, while preserving more of their savings.

Verified Reviews

(233)

Professional, Thorough, and Patient My husband and I found Larry McAnarney professional, thorough, and patient with our many questions. We found his detail unfailing and appreciated his rapid, meticulous responses and on-time arrivals in the most challenging weather

Daniel & Lisa W — Mar 1, 2019

Gold Standard Service We were concerned about getting an honest and experienced person to help us understand and facilitate a reverse mortgage for our 90-year-old mother. Larry McAnarney is an experienced expert I will recommend to everyone if there is a need for RM financing. He is knowledgeable, very professional, and kind. He thoroughly answered all our questions and promptly responded to email and phone inquiries as needed, guiding us through each step. He provides a gold standard service!

Renee M — Oct 4, 2022

Clone Larry! When we met Larry McAnarney, it did not take long to feel comfortable. There was no high pressure feeling; he answered our questions and put us at ease. Larry was great! Our Hud counselor, and the gentleman who did our closing were very good, too. Only one problem.....we should have done it sooner. Larry gets SIX stars. Bernice and Dave

Bernice & Dave L — Oct 28, 2014