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Fairway Independent Mortgage Corporation

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Fairway Independent Mortgage Corporation, "Fairway", was founded in 1996 and has loaned more than $100 billion dollars to its customers. With over 7,000 employees and 400 branches nationwide Fairway is one of the leaders in the mortgage industry—offering numerous loan products, including a variety of reverse mortgage loans.

If you are in need of a reverse mortgage, it is likely that Fairway will be able to meet your needs through one of its standard reverse mortgage options. To read what others have said about their experience, check out the Fairway reverse mortgage reviews below.

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The Good

  • Variety of Reverse Mortgage Loans
  • Efficient Loan Process
  • Online Resources

Variety of Reverse Mortgage Loans

Fairway offers its customers the most popular reverse mortgage options. Its reverse mortgage loan options includes:

  • Home Equity Conversion Mortgage (HECM)
  • Home Equity Conversion Mortgage for Purchase (H4P)
  • Proprietary Reverse Mortgage

These three loan options cater towards a wide range of seniors. For example, those who are wanting to downsize, build a custom home, or move can find exactly will most likely find what they are looking for if they meet all of the qualifications on the Fairway website.

It should be noted that Fairway does not offer any specialty reverse mortgage loans that other lenders offer. For example, if you are looking for a jumbo reverse mortgage loan, you will have to go through another mortgage lender.

Efficient Loan Process

Reverse mortgages tend to take a long time to process and Fairway prides itself on being one of the fastest lenders from start to finish with its clients.

Fairway has numerous loan officers around the country, meaning that they have more employees managing fewer borrowers during the loan process. Because of this, Fairway is able to offer highly personalized services that are efficient and speedy. If you are wanting to access a reverse mortgage quickly, Fairway could be a great option for you.

Online Resources

Fairway offers a resource called a Reverse Mortgage Planner. This online resource allows you to easily search for a reverse mortgage representative nearest to you.

Once you have identified the loan officer that is closest to you, you are given their contact information to inquire more about the reverse mortgage process. For those that want to talk to a representative from the very beginning, Fairway is a great company that makes an effort for borrowers to easily connect with loan officers.

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The Bad

  • Confusing Sign-Up Process
  • No Specialty Loan Options

Confusing Sign-Up Process

Fairway has an extensive website, but no clear way of signing up for a reverse mortgage. The customer can get a free reverse mortgage book and can be contacted by a loan officer, but personally signing up for a reverse mortgage tends to be hard to navigate or find and requires talking with a local loan officer.

No Specialty Loan Options

Despite offering the basic reverse mortgage loan options, such as an HECM and an H4P, Fairway does not offer any specialty loan options, making it difficult to appeal to those that have more specific needs.

Many reverse mortgage lenders tend to offer at least one special reverse mortgage option, which makes it easier for seniors to fulfill certain needs.

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The Bottom Line

Most individuals in the market for a reverse mortgage will be able to have their needs met with Fairway's popular reverse mortgage options. With an efficient loan process, seasoned loan experience, and attentive loan officers, Fairway is a great option to consider.

Talk with one of Fairway's loan officers to see if it is the right company for you. In addition, read what others have said about their experience by checking out the Fairway reverse mortgage reviews below.

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