Fairway Signature Preserve
Access Home Equity While Preserving More for Tomorrow
Fairway Signature Preserve is a proprietary reverse mortgage designed for homeowners age 55+ who want the stability of a fixed interest rate and the flexibility to access a substantial portion of their home equity—while intentionally preserving more equity for future financial goals or legacy planning.
Whether you’re looking to improve monthly cash flow, eliminate required principal and interest mortgage payments, refinance an existing reverse mortgage, or purchase a new home, Signature Preserve offers a thoughtful solution for homeowners with higher-value properties who want to balance today’s financial needs with tomorrow’s priorities.
Unlike an FHA-insured Home Equity Conversion Mortgage (HECM), Signature Preserve offers expanded lending opportunities, higher loan limits, broader property eligibility, and no FHA mortgage insurance premiums.
Why Choose Fairway Signature Preserve?
Key Features
- Designed to preserve more home equity for future needs or heirs
- Fixed interest rate for long-term stability
- Loan amounts up to $4 million (Massachusetts maximum loan amount: $2,000,000)
- Available to eligible homeowners beginning at age 55 in many states (minimum age varies by state)
- Optional monthly principal and interest mortgage payments*
- No FHA mortgage insurance premiums (MIP)
- Non-recourse protection—the borrower or heirs can never owe more than the home’s value when the loan becomes due and payable
- No prepayment penalty
- Expanded condominium eligibility, including many non-FHA-approved condominiums through a streamlined Fannie Mae Limited Review process
- Minimum property value of $300,000
- Up to 100% of available loan proceeds may be received at closing
- May also be used to purchase a home (borrowers make the required down payment to establish sufficient equity), with eligible seller concessions of up to 6%
*Borrowers must continue paying property taxes, homeowners insurance, HOA dues (if applicable), and maintain the home.
Common Uses:
- Eliminating required monthly principal and interest mortgage payments*
- Supplementing retirement income
- Paying off existing debt
- Home improvements and aging-in-place renovations
- Healthcare or long-term care expenses
- Purchasing a retirement home
- Building an emergency reserve
- Supporting a broader retirement or estate planning strategy
Important Considerations
- Available only in approved states
- Qualification guidelines apply
- Proprietary reverse mortgage—not FHA-insured
- Interest rates may be higher than comparable FHA-insured HECM products
- A minimum initial draw of 80% of the available loan amount is generally required
- Borrowers remain responsible for paying property taxes, homeowners insurance, HOA dues (if applicable), and maintaining the home
- Because interest and any financed fees accrue over time, home equity will generally decrease over the life of the loan
Product Eligibility Highlights
- Loan Amount: Up to $4 million
- Minimum Property Value: $300,000
- Minimum FICO Score: 550
- Minimum Borrower Age
- Age 55 in most participating states
- Age 60 in Louisiana
- Age 62 in New Hampshire and Texas
- Available in approved states including: AL, AZ, CA, CO, CT, FL, GA, HI, ID, MI, MO, MT, NH, NV, NH, NJ, OK, OR, PA, RI, SC, UT, TX, VA.
- Availability, eligibility requirements, and product guidelines are subject to change.
A Good Fit For Those Who:
- Own a higher-value home
- Want the stability of a fixed interest rate
- Wish to preserve more home equity for heirs or future financial needs
- Need meaningful loan proceeds without maximizing borrowing
- Prefer not to pay FHA mortgage insurance premiums
- Own a non-FHA-approved condominium
- Want to incorporate home equity into a comprehensive retirement strategy
- Value optional monthly mortgage payments rather than required principal and interest payments
Is Fairway Signature Preserve Right for You?
If preserving more of your home’s equity for future financial needs or the next generation is important to you, Fairway Signature Preserve may offer the right balance of flexibility and long-term planning.
The right reverse mortgage depends on your age, home value, existing mortgage balance, retirement goals, income needs, and estate planning objectives.
A Fairway Reverse Mortgage Specialist can help you compare FHA-insured and proprietary reverse mortgage options, explain the differences, and determine whether Fairway Signature Preserve is the best fit for your retirement strategy.
Discover how your home equity can help strengthen your retirement—while preserving more for tomorrow and continuing to enjoy the home you love.
Contact a Fairway Reverse Mortgage Specialist today to learn more.
Fairway Signature® reverse mortgage products are proprietary reverse mortgages developed by Longbridge Financial, LLC. These proprietary reverse mortgage products are offered by Fairway and are separate from and are not affiliated with the FHA-insured Home Equity Conversion Mortgage (HECM) program. Qualification requirements apply.
Let’s start a conversation.
If you are interested in a Fairway Signature Preserve loan or want more information, contact us today.
Our experienced team will help you understand Fairway Signature Preserve loans so you can make an informed decision about whether it’s the right financial solution for you.
*Borrower must live in the home, maintain it, and pay critical property charges like taxes and insurance.
**This does not constitute tax or financial advice from Fairway. Please consult a tax professional or financial advisor regarding your specific situation.