Yes, it is!

In Idaho, we have had the ability to provide the Reverse Mortgage Purchase Program, aka HECM for Purchase, for almost 2 years.

The Reverse Mortgage for Purchase Program is similar to the traditional Reverse Mortgage in that:
Its for borrowers 62 and up

There are no monthly payments as long as you live in the home

Its for primary residences only, no vacation, second, or investment homes allowed

There are no credit, income, or employment requirements.

Now here in Idaho, we are seeing a lot of people from other states retire here. I won't go into all the great reasons to retire in Idaho, but some are:

Be closer to family who live here.

Move from a more expensive area to take advatage of our low cost of living

Fantastic Weather

The many wonderful outdoor activities we enjoy

A low crime rate

Anyway, if you're considering retiring to Idaho and would like to hear about how you can buy your retirement home and not make any monthly payments, call me at 208-861-7579 or email me through Lender411.com