08/06/2026
The Home Equity Conversion Mortgage for Purchase (H4P) just got even more competitive.
Eligible homebuyers age 62+ can now pair the H4P with Fairway Advantage Pre-Approval, giving them greater confidence before they even begin shopping.
With Fairway Advantage Pre-Approval, a Fairway underwriter has already reviewed and cleared income, assets, and credit-helping buyers understand their purchasing power and make stronger offers.
Eligible H4P buyers may be able to:
* Purchase a home with approximately *45%-70% down
* Avoid required monthly principal and interest mortgage payments**
* Preserve more retirement assets
* Compete with greater confidence in today's market
Planning your next move after age 62? Let's connect to see if an H4P loan is right for you.
*The required down payment is determined by several factors, including the buyer's 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.
**Borrowers remain responsible for property taxes, homeowners insurance, HOA dues (if applicable), and home maintenance.
Fairway Advantage Pre-Approval for an H4P loan is based on a preliminary review of the borrower's eligibility and is contingent upon there being no material changes in the borrower's financial condition, credit profile, occupancy status, or other factors affecting eligibility at the time of final loan approval. Final loan approval is subject to the following conditions: (1) borrower has identified a suitable property (for a purchase transaction) and a valid appraisal supports the property's value; (2) a valid title insurance commitment has been issued; (3) borrower continues to meet all applicable reverse mortgage program requirements, including age, occupancy, and financial assessment standards; and (4) all underwriting, investor, and program requirements are satisfied. Loan approval and closing are subject to verification of information provided by the borrower and receipt of all required documentation. Loan must close before the expiration date provided in the pre-approval. Please note that submitting verifying documentation is not a requirement to receive an estimate of closing costs associated with a mortgage loan.
