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Fairway Releases Cash Guarantee + Fairway Advantage Combo

May 16, 2022

Fairway Independent Mortgage Corporation understands the importance of being the most favorable deal on the table. In fact, Fairway is so confident that we will buy the seller's home if we cannot close for a financing reason by the contracted date.

If you haven’t already heard, the Fairway Cash Guarantee and Fairway Advantage Pre-Approval* combo equals confidence in closing. Looking for a way to make your offer stand out and compete with cash? This program may be for you!

FAIRWAY CASH GUARANTEE ADVANTAGES:

  • Seller will receive a CASH GUARANTEE.
  • Buyer can COMPETE with CASH OFFERS.
  • Borrower does NOT have to pay any additional fees to use this program.
  • If the guarantee is triggered, the seller may opt for Fairway to NOT buy their home, and instead walk away from the deal with $10,000 paid by Fairway, and the contract terminated.

ADDITIONAL REQUIREMENTS/DETAILS:

  • Borrowers must have a Fairway Advantage Pre-Approval
  • Borrowers must be financing with FHA, VA, or Conventional loan
  • Borrower must be purchasing a single-family residence

Note: If the seller opts to have Fairway purchase their home, Fairway will pay the appraised value or the contract price, whichever is lower. Some condo’s may be acceptable under this program too, ask your loan officer or schedule and appointment for more details.

*Fairway Advantage Pre-Approval is based on a full review of borrower’s creditworthiness and is contingent upon there being no material changes in the borrower’s financial condition or creditworthiness at the time of final loan approval. Final loan approval is subject to the following conditions: (1) borrower has identified a suitable property, and a valid appraisal supports the proposed loan amount; (2) a valid title insurance binder has been issued; and (3) borrower selects a mortgage program and locks in an interest rate that will support the pre-approved monthly payment amount. Loan must close before the expiration date provided in the pre-approval. Loan must close before the expiration date provided in the pre-approval. Offer not available on DPA programs, bond, high balance/super conforming, jumbo, or USDA loans. Please note that submitting verifying documentation is not a requirement to receive an estimate of closing costs associated with a mortgage loan. Sale of home proceeds contingency not allowed. Gifts not deposited are not allowed.

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