Effective for case numbers assigned on or after January 1, 2009, the HECM for Purchase program is available for principal residence purchase transactions.
The additional provisions set forth in Mortgagee Letter (ML) 2009-11 must be also be satisfied.
For additional information see: ML 2009-11 available at:
https://www.hud.gov/program_offices/administration/hudclips/letters/mortgagee
Federal Register 24 CFR §206.45, §206.47, §206.52 available at: https://www.federalregister.gov/documents/2017/01/19/2017-01044/federal-housing-administration-strengthening-the-home-equity-conversion-mortgage-program