After 62, Your Home Buying Power Expands

Learn How

Home > Popular Uses for Reverse Mortgage Loans > After 62, Your Home Buying Power Expands

Every Home. Every Stage. Every Dream.

Let’s explore if a HECM for Purchase (H4P) loan is the right fit for your next move — and your long-term goals.

> Schedule Your Free Consultation <

Boost Home Purchasing Power

Experience greater purchasing power to acquire the home you desire.

No Monthly Mortgage Payments

You still must pay property-related taxes, insurance and upkeep expenses.

You Own Your Home

You remain on title and own your new home so long as you meet the loan obligations.

Secure Your Dream Home in Retirement

Imagine more affordably purchasing a new home that is:

Closer to family and friends
A single-story offering low-maintenance living
Perfectly sized for your current lifestyle
Updated, with aging-in-place designs and desired amenities

Preserve your financial flexibility

You could . . . buy your next home outright with cash, eliminating the need for a monthly mortgage payment.

Or you could . . . use an H4P loan to free yourself from the burden of monthly mortgage payments, where you’ll only need to put down 45%-75%** of the purchase price, freeing up more of your funds for other uses. You just need to live in the home and pay essential property charges like taxes and insurance.

By preserving more of your assets and cash flow through an H4P loan, you may be better equipped to navigate retirement risks such as soaring inflation and unexpected expenses.^†

Generally easier to qualify for compared to a traditional mortgage

Compared to traditional mortgages, H4P loans are generally easier to qualify for, with no minimum credit score requirements and a primary focus on the capacity to pay ongoing property charges.

Watch how an H4P loan works — and why it’s a game-changer for homebuyers 62+

Fairway follows a best product, best fit philosophy.

From reverse to traditional mortgages, we offer a wide range of solutions for aged 62+ homeowners and homebuyers.

We’ll only recommend what’s right for your goals.

We’re a national, full-service lender with high customer satisfaction scores
Mortgage loan options with Fairway include popular loan options like adjustable-rate, conventional, FHA, fixed-rate and refinance.
As an FHA-approved lender, we can sell HECM reverse mortgages
We’re dedicated to educating consumers, as well as their family members and other trusted advisors, on the pros and cons of reverse mortgages

Schedule an Appointment With Us Today!

Call us or complete the form below to schedule a free consultation. Let’s explore if leveraging the power of an H4P loan is right for you.

THANK YOU FOR BEING A VALUED “FAIRWAY FOREVER” CUSTOMER.

Cookie Jar Four

This field is for validation purposes and should be left unchanged.

First Name(Required)

Last Name(Required)

Email(Required)

State(Required)

ZIP Code(Required)

Phone(Required)

CAPTCHA

By entering your contact information, you are providing express written consent for Fairway Independent Mortgage Corporation to contact you at the email and number you provided via telephone, mobile device, automated means like autodialing, text SMS/MMS and pre recorded messages, even if you are registered on a corporate, state, or federal Do Not Call list. You are also acknowledging and agreeing to our terms of service and privacy policy. Consent is not required to use our services.

†This material does not constitute tax advice. Please consult a tax advisor regarding your specific situation.

*Source: cbsnews.com/news/best-reverse-mortgage-companies-2023

**The required down payment on your new home is determined on a number of factors, including your age (or eligible non-borrowing spouse’s age, if applicable); current interest rates; and the lesser of the home’s appraised value or purchase price