| Reverse Mortgage Loans in Arizona
Unlock the Equity in Your Arizona Home — With No Monthly Mortgage Payment Required*
For Arizona homeowners 62 and older, a reverse mortgage—most commonly the HECM (Home Equity Conversion Mortgage)—offers a safe, FHA-insured way to convert home equity into tax-free cash* while eliminating monthly mortgage payments.
Whether you live in Phoenix, Tucson, Mesa, Scottsdale, Chandler, Flagstaff, Sedona, Prescott, or anywhere else in Arizona, Team CD of Fairway Home Mortgage provides trusted guidance, clarity, and integrity every step of the way.
*You remain the owner of your home. You continue paying property taxes, insurance, and home maintenance.
What Is a REVERSE MORTGAGE Loan?
A reverse mortgage allows qualifying senior homeowners to access the equity in their homes without selling, moving, or making monthly mortgage payments.
The most common program, the HECM (Home Equity Conversion Mortgage), is backed by HUD and insured by the FHA—providing strong protections for Arizona seniors.
You can choose to receive your funds as:
A lump sum
A growing line of credit
Monthly payments
Or a combination
Benefits of a Reverse Mortgage IN Arizona
Key Advantages
No monthly mortgage payments (borrowers must still pay taxes, insurance, and maintenance)
Growing line of credit (unused funds grow over time)
Increase your retirement cash flow
Retain full ownership of your Arizona home
No repayment until the last borrower leaves the home
Bridge Medicare or health-care cost gaps
Increase your purchasing power for retirement living
Reverse Mortgage Eligibility Requirements
To qualify in Arizona, you must:
Be 62 years or older
Own your home outright or have significant equity
Live in the home as your primary residence (6+ months per year)
Property must be:
Single-family home
2–4 unit home
FHA-approved condo
Meet FHA’s minimal credit and property standards
Complete HUD-approved reverse mortgage counseling
Not be delinquent on any federal debt
Our Reverse Mortgage Loan Options
1. Home Equity Conversion Mortgage (HECM)
The FHA-insured reverse mortgage program used by most Arizona seniors. Only available through approved lenders—such as Team CD of Fairway Home Mortgage.
Ideal For: Seniors wanting security, flexibility, and federal protections.
2. Jumbo Reverse Mortgage
Perfect for high-value Arizona homes—common in Scottsdale, Paradise Valley, Sedona, and parts of Phoenix.
Allows access to substantially more equity than the FHA HECM loan limit of $1,249,125.
3. HECM for Purchase
Use a reverse mortgage to buy a new home—ideal for Arizona retirees wanting to:
Downsize
Move closer to family
Settle into a low-maintenance community
Relocate to Sedona, Tucson, Scottsdale, Prescott, or Flagstaff
Frequently Asked Questions About REVERSE MORTGAGES in Arizona
Does the reverse mortgage lender own your home?
No. You remain the owner. Title and deed stay in your name.
How is the required down payment determined (HECM for Purchase)?
Your required down payment depends on:
- Your age
- Current interest rates
- The lesser of purchase price or appraised value
Ready to Explore Your Arizona Reverse Mortgage Options?
Team CD of Fairway Home Mortgage specializes in personalized guidance through the Reverse Mortgage process.
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WHAT OUR CLIENTS SAY
Our clients are at the center of everything we do. Their experiences reflect our dedication to clear guidance, trusted mortgage expertise, and a home-financing experience built around care and understanding.
Contact Info
Location
11811 N Tatum Blvd Suite 2700
Phoenix, Arizona 85028
We’re here to help you with all your healthcare needs.
Reach out to us anytime—our friendly team is ready to assist you with appointments, inquiries, and guidance.
Phone
Loan Officers
Craig Gallegos NMLS# 447602
Dawn Buxton NMLS# 308905
Corporate Address:
11811 N Tatum Blvd, Suite 2700
Phoenix, Arizona 85028
Copyright © 2026 Fairway Independent Mortgage Corporation doing business as Fairway Home Mortgage. NMLS#2289. 4750 S. Biltmore Lane, Madison, WI 53718, 1-866-912-4800. All rights reserved. Fairway is not affiliated with any government agencies. 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. Arizona Mortgage Banker License No. 0904162. Dawn Buxton NMLS 308905 | Craig Gallegos NMLS 447602 Complaints may be directed to: (877) 699-0353 or Email us: [email protected]. Licensed by the Department of Business Oversight under the California Finance Lenders Law. Loans made or arranged pursuant to a California Finance Lenders Law License. Licensed Nevada Mortgage Lender NMLS #2289 Craig Steven Gallegos MLO# 447602 Dawn Marie Buxton MLO#308905. Office Phone 480-626-2202