Reverse Mortgages

Looking for a loan? We will be glad to help! Give us a call at (662) 429-5100 . Ready to begin? Apply Online Now.

               


  W E'D LIKE TO MOVE YOU!

TO THE LAKE?   

BY THE GRAND CHILDREN?  

THE PLACE YOU'VE DREAMED OF?

  Are you looking to move in to a home that better suits your retirement lifestyle?

A Home Equity Conversion
Mortgage (HECM), or Reverse Mortgage, might be the perfect solution to fit your specific needs. With a HECM, seniors are able to use less of the equity from the sale of their previous residence to purchase their next primary home in one simple transaction.

Qualifications:

One borrower must be 62 years or older

•  Purchased home is required to be your primary residence

•  New property must be: single-family home, 2-4 unit dwelling or FHA approved condo

You must have an adequate down payment for your new home

No credit score requirements, some income and credit qualifications apply to make sure you have the ability to pay taxes and insurance.

Whether you are looking to downsize, move closer to family, live in a more affordable home with less upkeep Fairway is here to assist you with your Reverse Mortgage needs.


Call us at (662) 429-5100 

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