Trilogy Now Accepts Today's Reverse Mortgages.*

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If you're interested in buying a new home at a Trilogy® or Shea Homes® Active Lifestyle Community using a Home Equity Conversion Mortgage (HECM), we've got exciting news! We have select homes available that are compatible with HECM financing.

Here are a few basic facts regarding HECM loans*:

  • HECM for Purchase is the only type of reverse mortgage loan that is insured by the Federal Housing Administration (FHA) and is available to those age 62+.
  • Unlike a traditional mortgage, there are no monthly mortgage principal or interest payments for as long as you own and occupy the home. As with any mortgage or financing option, you will have ongoing loan obligations such as paying your property taxes, homeowners insurance, and HOA dues as well as any maintenance costs of your home.
  • A down payment of 45% to 52% is typically required.

*Loan repayment is required at the maturity event (when the last borrower permanently leaves the home) or if loan obligations are defaulted. Reverse Funding and the content of their information sessions is not affiliated with or endorsed by Shea Homes or Shea Mortgage. Not available at Trilogy at Rio Vista, Trilogy at The Vineyards, Trilogy at Monarch Dunes, Trilogy Enclave at Rice Ranch. Loan repayment is required at the maturity event (when the last borrower permanently leaves the home) or if loan obligations are defaulted. Financing provided by unaffiliated third parties. Neither Shea Homes or Shea Mortgage are providers of HECM loans. As with all home purchases, you should evaluate the financing method best suited for your needs. Seller incentives are not available on HECM loans. Additional information on HECM loans available at http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/hecm/faqs_hecm.

Trilogy Communities

For more information about Shea Homes, Visit www.sheahomes.com or Call 1-800-685-6494