Never have to make monthly mortgage payments unless they want to
Builders
Offer Reverse Mortgage for Purchase (H4P) Financing & Expand Your Clientele
Offer Reverse Mortgage for Purchase (H4P) Financing & Expand Your Clientele
You may have heard of reverse mortgage loans for existing homes, but did you know that people can buy new homes—and that includes new construction—with these loans? Rob and the Kanyur Reverse Team can help you open new doors to buyers 62 and older.
30% More Upgrades
HECM buyers of new construction are 30% more likely to purchase add-ons and upgrades.
Better Positioning
Offering financing specifically for retirees shows your commitment to the community.
Target Audience
Many retirees are leaving older homes that need repairs—new homes are very attractive!
It Can Be a Great Deal for the Buyer
Especially since 2014, reverse mortgage loans (Home Equity Conversion Mortgages, or “HECMs”) have become highly regulated by the federal government and are among the safest loans around. The bad press you might have heard is likely from people who haven’t kept up with the news. Here are some of the top benefits for retirees.
Tax-Free Money From Home Equity*
No Mandatory Monthly Mortgage Payments
(Must still pay taxes and insurance and maintain the home)
They Remain Sole Owner of the Home
Payment Only Due When They Leave the Home
View Qualifying Conditions
- One spouse must be 62 years or older to be eligible for a reverse mortgage. In Texas, both spouses must be 62 years or older
- The property must be a single-family home, a 2 to a 4-unit dwelling or an FHA-approved condo
- Must receive reverse mortgage counseling from a HUD-approved counseling agency
- The home must be a primary residence (live there 6+ months per year)
- Must meet minimal credit and property requirements
- Must not be delinquent on any federal debt
Why the Kanyur Reverse Team Should Be Your Go-To Partner
Rob is a Certified Continuing Education Instructor at ASREB (Arizona School of Real Estate & Business) and SAAR (Scottsdale Area Association of Realtors) and has helped countless realtors better serve the 62+ demographic. As your partner, we can also provide you with: customized marketing materials, customized video content about your properties and educational seminars for your sales team.
Purchase Power
Here’s how it works. With a reverse mortgage loan for purchase (H4P), your client sells their existing home. They then take out a reverse mortgage on the home they wish to purchase and combine that with the proceeds of their home sale to cover the down payment (along with additional funds, if necessary).
Estimated Cash From Borrower*
Age of Youngest Borrower
Faded portion of bar represents the estimated reverse mortgage funds
Then What Happens?
Your client enjoys the same terms for any home with a reverse mortgage loan:
Want To Learn More About Reverse Mortgage Loans in General?
Rob Kanyur and his team are personable, professional and very good at what they do. Our reverse mortgage went so smoothly. We were kept informed during the whole process which was an amazingly short amount of time! I highly recommend Rob + Fairway.
Rob Kanyur is professional and thorough in his presentation of the benefits of a reverse mortgage. He answered all of our questions so we were fully informed before committing to a reverse mortgage. We are delighted with how a reverse mortgage has served our financial needs. We highly recommend Rob Kanyur and Fairway Independent Mortgage Corporation.
Rob and his team deserve high praise. I was kept in the loop at all times. Any questions were answered promptly and patiently. (I had a lot of them.) Excellent customer service! The team works very efficiently, no hick-ups or delays. Even after closing, Rob was and still is available to help/clarify.I whole-heartedly recommend Rob Kanyur to anyone, who is searching for the best man and team for the job.Heidi S.
My husband and I live in Prescott, AZ. Rob Kanyur's company was highly recommended to us, for good reason. We took out a Reverse Mortgage in 2019 with Rob, and updated it in August 2021 to reflect the increased value of our home and low interest rates. Both transactions were quick and painless and handled professionally by Rob and his excellent team. We highly recommend Ron Kanyur and his team at Fairway Mortgage.
I have worked in and around the real estate business for almost 30 years. I have had the experience of watching numerous mortgage brokers as they provided their services for their clients. During this time I have had specific experience working with several reverse mortgage brokers.When it came time for my wife and I to consider a reverse mortgage, I knew I didn't want one of those brokers I had known in the past. We chose to do our reverse mortgage with Rob after receiving a referral from a mortgage broker friend, who I know to be very competent. She spoke well of Rob, both as a person and as a broker. We soon learned that Rob has expert knowledge of reverse mortgage. He is, by far, the best reverse mortgage broker I have ever had the privilege of knowing.If you are considering a reverse mortgage, Rob is the broker you want to do business with. He and his team will insure that your transaction will be done correctly and in a timely manner.
Our Video Series for Builders
Learn What You Need To Know About Reverse Mortgages.
What Is a “Reverse” Mortgage Loan or HECM?
Reverse Mortgage Loan Myths and Misunderstandings
Building a New Home With a Reverse Mortgage Loan
The “WHY” for Home Builders – Buying Power
Why Partner With Fairway Independent Mortgage Corporation?
Let’s Help Seniors Buy New Homes
Fill out this form and we’ll reach out ASAP!
*This advertisement does not constitute tax and/or financial advice from Fairway.