HECM for Purchase | DirectLenderMatch

What is it?

DirectLenderMatch classifies HECM for Purchase under the financing form “Reverse mortgage purchase financing.” Its typical use in this directory is: Buy a home using HECM structure.

How does it work?

The structure is generally evaluated, supported, or secured using the following basis: New principal residence + borrower equity. Exact underwriting, eligibility, terms, and availability are provider-specific and can change.

What can it be used for?

Buy a home using HECM structure.

What backs or supports it?

New principal residence + borrower equity.

Why does this structure exist?

This structure provides a defined way to address the financing need described above. The provider, transaction, collateral, and underwriting context determine how the structure is implemented in practice.

Important considerations

Confirm current costs, risks, licensing, eligibility, collateral treatment, recourse, tax consequences, and availability directly with the provider and appropriate professional advisers. DirectLenderMatch does not compare rates or recommend products.

Is this actually a loan?

Loan or credit structure

Workbook classification: Yes. Financing forms such as leases, purchases, shared equity, advances, and guarantees may solve a funding need without being conventional loans.

Verified lenders or providers

Direct reverse-mortgage lender

Longbridge Financial, LLC

Longbridge currently originates HECM reverse mortgages and HECM for Purchase.

Official evidence page →

Last verified: 2026-08-23