Last reviewed 08-20-2026Short-Sale.com Editorialglossary
HECM for Purchase
FHA Single Family Housing Policy Handbook Glossary November 26 2025
Updated 08-20-2026
HECM for Purchase
HECM for Purchase refers to a transaction where the Borrower uses the HECM to finance the purchase of an existing one- to four-unit residence where the Borrower will occupy one unit as their Principal Residence.
FHA Single Family Housing Policy Handbook Glossary November 26 2025
p. 22
Need help?
Ask more questions about HECM for Purchase in Help. You'll get answers for your situation.
People also ask