Home Equity Conversion Mortgage (HECM)

A home loan that allows you to convert a portion of your home equity into cash. HECMs are insured by the Federal Housing Administration (FHA) and you can only get one through an FHA-approved lender like Fairway.

Jumbo Reverse Mortgage

Allows you to access more equity on a high-value property. The home value limit you can borrow against with a jumbo reverse mortgage is higher than the current limit you would face with a traditional HECM reverse mortgage ($1,089,300).

HECM for Purchase

It’s designed to make it easier to afford a new home that better fits your needs in retirement.


  • No monthly mortgage payments except for taxes, insurance and maintenance
  • Growing line of credit (applies to unused funds)
  • Increased discretionary cash flow
  • Can sell YOUR home at any time
  • Does not require payment until last living borrower permanently leaves the home
  • Bridge the medicare gap
  • Increase your purchasing power


  • Borrower(s) must be 62 or older
  • Must be a homeowner and either own the home outright or have significant equity
  • Must live in the home as the primary residence (live there 6+ months per year)
  • The property must be a single-family home, a 2- to a 4-unit dwelling or FHA-approved condo
  • Must meet minimal credit and property requirements
  • Must receive reverse mortgage counseling from a HUD-approved counseling agency
  • Must not be delinquent on any federal debt


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Enjoy the benefits of a Reverse Mortgage

One of our Reverse Mortgage Planners will reach out to see if you’re eligible for this product