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Finance the Purchase of Your Dream Home — No Monthly Mortgage Payments Required!*

Finance the Purchase of Your Dream Home — No Monthly Mortgage Payments Required!*

Learn How It Works

*Just Pay Property Expenses, Such as 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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Schedule Your Free Consultation

Most reverse mortgages 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

Imagine more affordably purchasing a new home that is:

Despite the potential benefits, many older-adult homeowners hesitate to move for various reasons, including not wanting to take on a new monthly mortgage payment in retirement.

Here’s the good news: You might qualify for a Home Equity Conversion Mortgage (HECM) for Purchase, a reverse mortgage loan insured by the FHA, explicitly designed for homeowners 62 and over.

  • 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

Despite the potential benefits, many older-adult homeowners hesitate to move for various reasons, including not wanting to take on a new monthly mortgage payment in retirement.

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%-70% 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.

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

Articles About Reverse Mortgage Loans and Freeing Up Cash Flow

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

Learn More

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

Learn More

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

Learn More

Why Fairway Independent Mortgage Corporation?

  • 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

Schedule an Appointment with Me Today!

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

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

*Source: https://www.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

Copyright©2026 Fairway Independent Mortgage Corporation (“Fairway”) NMLS#2289. 4750 S. Biltmore Lane, Madison, WI 53718, 1-866-912-4800. All rights reserved. Fairway is not affiliated with any government agencies. These materials are not from HUD or FHA and were not approved by HUD or a government agency. Reverse mortgage borrowers are required to obtain an eligibility certificate by receiving counseling sessions with a HUD-approved agency. The youngest borrower must be at least 62 years old. Monthly reverse mortgage advances may affect eligibility for some other programs. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Equal Housing Opportunity. Fairway Independent Mortgage Corporation NMLS ID #2289 www.nmlsconsumeraccess.org.