Down Payment Assistance
Down Payment Assistance Down payment assistance can make homeownership easier to attain. Review My Options Down payment assistance FAQs Help for homebuyers Short on cash for your mortgage down payment? You’re not alone. A Realtor.com study revealed that 45% of first-time homebuyers cited lack of down payment funds as their biggest barrier to buying. It was the […]
VA Loan
VA Mortgage Loan VA mortgage loan options are home loans backed by the U.S. Department of Veterans Affairs (VA) that provide affordable home financing options for eligible service members, veterans, and surviving spouses. Here at Fairway, we are proud to help our service members and veterans achieve the American dream of homeownership. Review My Options […]
USDA Mortgage Loan
USDA Mortgage Loan The United States Department of Agriculture (USDA) has developed affordable USDA mortgage loan financing options for homeowners located in designated small towns, suburbs and exurbs. This program helps eligible low- to moderate-income families achieve homeownership by offering a no down payment option. Review My Options USDA Mortgage FAQs What Is a USDA […]
Reverse Mortgage Loan
Reverse Mortgage Loan If you are 62 or older, a reverse mortgage loan can be used to turn a portion of the equity in your home into cash you can use for many different purposes, which may enhance and/or extend your retirement. If you currently have a forward mortgage, a reverse mortgage could eliminate your […]
Renovation Loan
Renovation Loan When shopping for a home, you may come across properties that aren’t quite what you are looking for but are oozing with potential. With one of Fairway’s renovation loan options, you can roll the cost of those repairs and improvements into one loan, which can save you both time and money. Review My […]
Refinance Loan
Refinance Loan By refinancing your home mortgage loan, you are paying off your current home mortgage loan with a new loan and restructuring the new home loan to fit your current needs and goals. With the refinanced loan, you could save a considerable amount of money over the life of the new home mortgage loan […]
Physician Loan
Physician Loan Mortgage Medical professionals have a unique set of challenges on their journey to homeownership. Whether it’s having to move across the country or tackling student loan debt, Fairway mortgage advisors understand that you have specific demands that must be taken into consideration when applying for a home loan. Review My Options Compare to […]
Fixed Rate Mortgage
Fixed Rate Mortgage Loan Fixed rate mortgage loans can be a Conventional mortgage loan, an FHA mortgage loan, a VA mortgage loan, a USDA mortgage loan, a Jumbo mortgage loan — any of these! Describing a mortgage loan as “fixed rate” only means that, whoever is backing or insuring the loan, the interest rate associated […]
FHA Loans
FHA Mortgage Loan FHA mortgage home loans are insured by the Federal Housing Administration (FHA) which can make it easier for you to qualify to purchase or refinance a home. This mortgage loan option offers flexible qualification guidelines to help people who might not qualify for a conventional mortgage. Review My Options Compare to ARM […]
Adjustable Rate Mortgage (ARM)
Adjustable Rate Mortgage Loan Adjustable rate mortgage loan (ARM Loan) is a term loan option where the interest rate can change periodically after the initial fixed rate period. After this introductory period, the interest rate associated with the mortgage loan is susceptible to increases or decreases based on market fluctuations, ultimately affecting your monthly mortgage […]
