Fairway Reverse Mortgage

Fairway Reverse Mortgage is the reverse mortgage arm of Fairway Independent Mortgage Corporation, a lender licensed in all 50 states. It offers Home Equity Conversion Mortgages (HECMs), which are FHA-insured, along with jumbo reverse mortgages, HECM for Purchase loans for buying a new home, and HomeSafe Second loans. Borrowers can turn part of their home equity into cash without required monthly mortgage payments.

To qualify, borrowers generally must be 62 or older, own the home outright or have significant equity, and live in the home as their primary residence for at least six months a year. The property must be a single-family home, a 2 to 4-unit dwelling or an FHA-approved condo. Borrowers must complete reverse mortgage counseling with a HUD-approved agency. The company was founded in 1996 and has headquarters in Madison, Wisconsin, and Carrollton, Texas.