"New FHA Reverse Mortgage HECM for Purchase Program"
Friday, February 19th, 2010 New FHA Reverse Mortgage Instructor: “HECM” for Purchase Program Robert M. Benn, Benn Realty Services, Inc. Do you have a buyer who is 62 years old or older who wants to buy a home? With HECM for Location: Purchase the buyer can obtain an FHA loan Larry Chimbole Cultural Center without qualifying, without FICO scores, without 38350 Sierra Highway income, or credit worthiness considerations. Palmdale, CA 93550 Learn about: Time: Eligible & Ineligible Properties 10:45 a.m.- Check In The maximum claim amount, the sales price, 11:00 a.m.- 11:30 a.m.- Lunch and the appraised value (Primrose Room) Computation of the “down payment” or 11:30 a.m.- 1:30 p.m.- Class monetary investment needed (Joshua Room) Allowable and non-allowable funding sources Verification of funds Cost: The upfront Mortgage Insurance Premium $10.00-REALTOR Members paid to HUD $15.00- Non- REALTOR Members/ Counseling requirements Assistants Right of rescission **No Refunds** Principal resident requirement *You can also register online at Property flipping and fraud www.gavar.org or come to the Restrictions and rules on third party fees and Association Office. lender fees Fax to 661-726-9199 Name: __________________________________________ We Accept: Billing Address: _________________________________ Credit Card # City: __________________________ CA Zip: _________ __________-___________-__________-___________ Contact Phone: _________________________________ Expiration Date: ______ /______ Do you require special assistance? Y____ N____ CCV Code (last 3 digits on back of card) ______ The class was brought to you by the 2010 Education/ Technology/ Professional Development Committee Greater Antelope Valley Association of REALTORS, Inc. www.gavar.org