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Lender Finds Creative Fix for HECM for Purchase Hurdle 

Aug 14, 2017By

Frustrated by regulations that can slow the Home Equity Conversion Mortgage for Purchase program, one Iowa lender decided to employ a unique end-around to help borrowers buy a new-construction home with a reverse mortgage. Fidelity Bank, based in West Des Moines, Iowa, announced the completion of a “forward” home equity line of credit-to-HECM purchase transaction […]

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