Shop the best deals for reverse mortgages in NH, MA, & ME. Meet Renee Duval.
Reverse Mortgage Loan Officer
New Hampshire Reverse Mortgage Lenders
Fairway Independent Mortgage has helped thousands finance their homes with a traditional mortgage loan or convert a portion of their home’s value into cash flow using a reverse mortgage (Home Equity Conversion Mortgage or HECM).
Customer care is not merely a slogan at Fairway - it’s how we do business. Highly-personalized service, consistent communication, and prompt loan turnaround times are what you can expect from Renee and her team. She will walk you through each step throughout the loan process.
As a Fairway Independent Mortgage reverse mortgage specialist, Renee has completed specialized reverse mortgage product and policy training and continues her professional education staying up to date on the most recent changes to federally-insured and private reverse mortgage loans.
Reverse Mortgage Facts
How many of your neighbors have done a reverse mortgage? Here are some interesting facts about reverse mortgages and the housing market in the Greater Manchester area.
523 people in Manchester already have a reverse mortgage and are familiar with the benefits of the loan. In fact, in just the last 12 months 26 homeowners got a reverse mortgage.
Renee was born in Nashua, NH, grew up in Merrimack, NH, spent the summers working in Hampton and Rye, and married a man from Manchester, NH. Renee lived and worked in Concord, NH for 15 years and recently relocated to the Lakes Region of NH. Renee's family was originally from Massachusetts and she has family in Boston, Winchester, Braintree, Plymouth, Tewksbury, and Springfield (to name a few). Renee truly is a local lender!
The current maximum lending limit for FHA-insured reverse mortgages is $1,089,300 which means nearly all homes in New Hampshire would see most if not all of their full home value considered in the calculation of the potential maximum reverse mortgage loan benefit. In 2022 homes above $1,089,300 may choose to apply for a private jumbo reverse mortgage for higher-valued properties.
Reverse mortgages calculate the maximum available loan benefit (before fees, costs, and lien payoffs) for qualified borrowers based on the home’s appraised value, the age of the youngest borrower or named non-borrowing spouse and the current/starting effective interest rate.
Concord, Salem, Hooksett, Londonderry, Tilton, Merrimack, and Bedford are some of the communities Renee has lent in recently.
Renee and her team at Fairway Independent Mortgage are ready to answer any questions or concerns you may have about a reverse mortgage. It's important to get the facts first, discuss your unique goals and needs, and see how much you may be able to qualify for with a reverse mortgage.
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