Finance the Purchase of Your Dream Home

Learn How

No Monthly Mortgage Payments Required! Just Pay Property Charges, Like Taxes and Insurance

Here's How: Purchase your dream home with a down payment as low as 45%-75%** of the price and finance the rest with a Home Equity Conversion Mortgage for Purchase (H4P) loan.

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Most reverse mortgage loans are Home Equity Conversion Mortgages (HECMs), the only reverse mortgages insured by the Federal Housing Administration (FHA). This webpage discusses HECM loans.

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

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

Or, with an H4P loan, you can 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.

Articles About Reverse Mortgage Loans and Purchasing Your Dream Home

10 Reasons For Older Adults To Use a HECM for Purchase (H4P) Loan To Buy Their Next Home

How Seniors Could Double Their Home Buying Power — Despite High Interest Rates

5 Pros and Cons of Buying Your Next Home With a Reverse Mortgage Loan

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.

Customer Testimonial: Using a HECM for Purchase To Buy the Home You Really Want

Why Fairway Independent Mortgage Corporation?

Fairway Independent Mortgage Corporation is a national mortgage lender with top-notch customer service.

We're committed to providing an amazing experience – from loan application to closing, and beyond.

  • We're a national, full-service lender with high customer satisfaction scores
  • We're ranked as one of the top 10 mortgage companies in America by Mortgage Executive Magazine
  • 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

How Customers Rate the Fairway Experience

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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.

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


**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