Rightsizing

Downsizing? Upsizing? Moving Closer to Family? The Decision Is Yours!

Want to learn one of the best kept secrets in real estate? You can use a reverse mortgage loan to buy a new home and never have to make monthly mortgage payments (must pay taxes, insurance and home upkeep expenses).
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How It Works

With a Home Equity Conversion Mortgage for Purchase (H4P) loan, you apply those loan proceeds to the price of a house you want to buy. You can use the equity from the home you are leaving or other funds to cover any leftover balance.

This can increase your purchasing power tremendously because it adds the funds from a reverse mortgage loan on top of the other assets that you already have, including the proceeds from the sale of your current home.

purchase-power
Buying a New Home With a Home Equity Conversion Mortgage (HECM) for Purchase Loan
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Then What Happens?

You enjoy the same terms for any home with a reverse mortgage loan:

  • Never have to make monthly mortgage payments unless you want to

  • The home is yours, in your name and no one can make you leave

  • Simply pay homeowners insurance and property taxes, and maintain the home

Who’s a Great Fit for a Reverse for Purchase Loan?

The following are just a couple examples of people who find the living situation that’s best for their golden years.

Moving to the Perfect Neighborhood

James and Mary, 62 and 59, want to move to a newly constructed home in an area that’s ideal for retirees. The problem is that home values are close to double in the new community compared to where they live currently. With a reverse mortgage for purchase, James and Mary can make their move and never have to make monthly mortgage payments again (must pay taxes, insurance and home maintenance fees).

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$600,000 HOME VALUE
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$800,000 HOME VALUE

JAMES AND MARY COULD SELL THEIR HOUSE FOR $600,000 AND PURCHASE A NEWLY CONSTRUCTED HOME FOR $800,000.

House and story are for illustration purposes only. House may not be available for purchase.

Planning for a Legacy

Cindy, 62, is selling her current home that is owned free and clear. She wants a home of a similar value closer to her grandchildren, but she also wants to set up an annuity for her grandchildren to help pay for college. A reverse mortgage can allow her to purchase the home she wants and have plenty of money left over from the sale of her current house.

House and story are for illustration purposes only. House may not be available for purchase.

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$800,000 HOME VALUE

Cindy could live in her current $400,000 home further away from her grandchildren.

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$650,000 HOME VALUE

Or she could downsize to a $375,000 home for $230,000 down that is closer to her grandchildren.

Where Would You Like To Live in Retirement?

Many seniors would love to move but think they can’t afford to on a fixed income without making major sacrifices to quality of life.
The HECM for Purchase loan can boost homebuying power by up to 200% without requiring monthly mortgage payments. Instead, the homebuyer only needs to take care of property-related expenses like taxes, insurance and upkeep.
If you’d like to move, even if you can through traditional means, make sure to reach out to me for a free consultation to explore all your options.
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Watch HECM for Purchase Testimonials

Learn about the real life experiences of customers and partners.
Living in a House You Love While Creating a Legacy
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Using a Reverse Mortgage Loan To Buy a Dream Home
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Choosing a Reverse Mortgage Over a Traditional Mortgage
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Using a HECM for Purchase To Buy the Home You Really Want
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Homebuilder on the Benefits of Fairway Reverse Mortgage Loans
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Get a No-Obligation Reverse Mortgage Evaluation and Quote Today!

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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.