About Hero Loans LLC
Our goal is to always put your interests first
About HECM Loan
Borrower Requirements
You must:
- Single family home or 2-4 unit home with one unit occupied by the borrower
- HUD-approved condominium project
- Individual Condominium Units that meet FHA Single Unit Approved requirements
- Manufactured home that meets FHA requirements
The following eligible property types must meet all FHA property standards and flood requirements
- Be 62 years of age or older
- Own the property outright or paid-down a considerable amount
- Occupy the property as your principal residence
- Not be delinquent on any federal debt
- Have financial resources to continue to make timely payment of ongoing property charges such as property taxes, insurance and Homeowner Association fees, etc.
- Participate in a consumer information session given by a HUD-approved HECM counselor
Financial Requirements
- Income, assets, monthly living expenses, and credit history will be verified
- Timely payment of real estate taxes, hazard and flood insurance premiums will be verified
For more information visit www.hud.gov
Why the HECM Loan Works
Here’s the data that proves it.
45% of Seniors lose their homes to Medicaid and cannot pass their homes along to their heirs.
65% of seniors want to downsize, but cannot qualify for a traditional loan. By utilizing the HECM Loan, seniors are able to live the lifestyle they’ve dreamed of in retirement.
70% of Seniors go to a Nursing care facility for more than 16 months.
5% of Seniors have LTC insurance in place for Nursing care.
That’s why more Seniors are referred everyday to talk with Michael and learn how the HECM loan can help them in Retirement and to plan for their future.
Michael Standard
The Founder of Hero Loans LLC, Michael Standard has been working in the financial services sector for over 30 years. After working in financial planning for many years, he found his passion–helping seniors like you achieve their goals. This focus led him to specialize in HECM loans, where he has been working diligently to help seniors gain the resources they need for the retirement of their dreams. Driven by his values–God, Family, and Country–Michael hopes to help all his clients continue to live the American dream into their golden years.
Ready to Learn More?
Top performing Financial Advisors, Insurance Agents and Realtors have referred clients to Michael, and they have been well taken care of. Plus they have benefited from Michaels broad expertise in the industry. So, set up an appointment to talk with Michael. Testimonials are actual customer’s of Michael and offered their review without compensation. Pictures shown may not be actual customers or referral partner.
