Jeff Buum CRMS, NMLS 400290 Fairway Independent Mortgage Corp

Jeff Buum CRMS, NMLS 400290 Fairway Independent Mortgage Corp Fairway. All Roads Lead Home. Simple Solutions. Big Impact.

Jeff Buum, Loan Officer, NMLS #400290
Fairway Independent Mortgage Corporation, FIMC #2289
State Disclaimers: bit.ly/FIMCDisclosures

09/04/2026

Do you work here?

Nah. just a fan who happens to close your loan too.

Jeff Buum | Fairway Heartland | NMLS #400290 | Equal Housing Opportunity

When life changes, your financial plan may need to change too.Many seniors experience unexpected financial pressure afte...
09/04/2026

When life changes, your financial plan may need to change too.

Many seniors experience unexpected financial pressure after losing a spouse or experiencing a change in income.

Questions often come up:
"Can I afford to stay in my home?"
"What options do I have?"
"How can I make retirement income stretch further?"

For eligible homeowners 62 and older, a reverse mortgage may be one solution worth understanding.

Comment STAYHOME and let's discuss your options.

Call/text 605-321-7303.

08/28/2026

There’s off duty, and then there’s “I need a pre-approval”

Can you buy a home after bankruptcy?A bankruptcy does not automatically eliminate your ability to become a homeowner.The...
08/28/2026

Can you buy a home after bankruptcy?

A bankruptcy does not automatically eliminate your ability to become a homeowner.

The key is understanding your actual timeline.

Many buyers mistakenly count from their filing date, but mortgage guidelines often look at the bankruptcy discharge date.

If you're a first-time buyer, rebuilding credit, or a veteran exploring VA loan options, knowing the rules can help you create a plan.

Comment FRESHSTART, and I'll help you understand your options.

Call/text 605-321-7303.

The biggest financial threat most retirees face isn't a bad market.It's a bad market at the wrong time.A significant dec...
08/27/2026

The biggest financial threat most retirees face isn't a bad market.

It's a bad market at the wrong time.

A significant decline in the first five years of retirement, when you're drawing from your portfolio to cover living expenses, can permanently damage your financial picture, even if markets eventually recover. Selling investments at depressed prices locks in those losses. This is called sequence-of-returns risk, and it's something many South Dakotans don't hear about until it's already happened.

Here's where a reverse mortgage fits in. Rather than selling investments during a downturn, you draw from a reverse mortgage line of credit instead. Your portfolio stays intact. It doesn't sell at a loss. It recovers when markets improve. Then you resume portfolio withdrawals.

And here's what makes the line of credit especially useful for this strategy: the unused portion grows over time at the loan's interest rate. Establish it early in retirement — even if you never intend to touch it — and it becomes a larger reserve every year it sits untouched.

This isn't a strategy I'd recommend without a financial advisor in the room. But for the right South Dakota retiree, it's one of the most compelling uses of home equity I've seen.

Full breakdown in the link in the comments below👇



Jeff Buum NMLS #400290 | Fairway Independent Mortgage Corporation NMLS #2289 | Equal Housing Opportunity | A reverse mortgage is a loan. Interest and fees accrue over time. Borrowers keep ownership and remain responsible for property taxes, insurance, and maintenance.

Getting ahead begins with getting started.
08/27/2026

Getting ahead begins with getting started.

Most people have never heard of this, including many realtors.You can actually buy a home with a reverse mortgage. The p...
08/26/2026

Most people have never heard of this, including many realtors.

You can actually buy a home with a reverse mortgage. The program is called HECM for Purchase, and it lets buyers 62 or older purchase a new primary residence with a down payment and no required monthly mortgage payment.

Here's how it works. The buyer brings a down payment, typically 35 to 55% of the purchase price, and the reverse mortgage covers the rest. You own the home from day one. No monthly principal or interest payment for as long as you live there as your primary residence.

For South Dakotans who are right-sizing, moving closer to family, or simply don't want a mortgage payment following them into retirement, this is worth understanding. And for those who can afford to buy in cash, using a reverse mortgage instead keeps that capital invested rather than tied up in the walls of a new home.

I work with realtors across the Sioux Empire on this regularly. If you have a buyer 62 or older who can't qualify for a traditional mortgage — or who just doesn't want another monthly payment — this program might be exactly what opens the door.

Full guide in comments 👇



Jeff Buum NMLS #400290 | Fairway Independent Mortgage Corporation NMLS #2289 | Equal Housing Opportunity | A reverse mortgage is a loan. Interest and fees accrue over time. Borrowers keep ownership and remain responsible for property taxes, insurance, and maintenance.

Start now — greatness follows.
08/25/2026

Start now — greatness follows.

08/21/2026

Can you buy a house after bankruptcy?

Yes. In many cases, you can.

The biggest mistake I see is homeowners and first-time buyers calculating their waiting period from the bankruptcy filing date instead of the discharge date.

For many mortgage programs, including FHA and VA loans, that distinction matters.

If you're rebuilding your credit after bankruptcy, don't assume you're years away from homeownership. You may qualify sooner than you think.

This is especially important for:
🏡 First-time homebuyers
🇺🇸 Veterans using VA loan benefits
💳 Families rebuilding after financial hardship
📈 Buyers working toward better credit

Every situation is different, but knowing your actual timeline can help you create a realistic plan.

Comment FRESHSTART, and I'll help you determine when you may be eligible to buy a home.

Or call or text me at 605-321-7303.

Worried about staying in your home during retirement?Many seniors face unexpected changes:• Loss of income• Increased ex...
08/21/2026

Worried about staying in your home during retirement?

Many seniors face unexpected changes:
• Loss of income
• Increased expenses
• Loss of a spouse
• Health-related costs

If you're 62 or older, a reverse mortgage may be an option worth discussing.

A HECM can help eligible homeowners access home equity and create more flexibility during retirement.

Comment STAYHOME to learn more.

Call/text 605-321-7303.

Address

7615 S. Kenton Lane, Suite 110
Sioux Falls, SD
57108

Opening Hours

Monday 8am - 8pm
Tuesday 8am - 8pm
Wednesday 8am - 8pm
Thursday 8am - 8pm
Friday 8am - 8pm

Telephone

+16053217303

Website

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