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Fairway Home Mortgage

in Home Purchase Mortgages from Fairway Independent Mortgage Corporation · NMLS ID #2289

Unaffiliated

Fairway Home Mortgage

Unaffiliated

in Home Purchase Mortgages from Fairway Independent Mortgage Corporation · NMLS ID #2289

Net Recommendation Score +100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Highlights
Community Rating

Rating not yet determined  

Loan Amount Up to $3,000,000
Loan Term (Years) N/A

Fairway Home Mortgage Review

Fairway Home Mortgage is offered by Fairway Independent Mortgage Corporation (NMLS #2289), a direct lender founded in 1996 and based in Madison, WI. Fairway Home Mortgage is available in 50 states (and Washington, DC).

Fairway Home Mortgage FAQ

How much can you borrow via Fairway Home Mortgage?

Fairway Home Mortgage allows borrowers to apply for loan amounts of up to $3,000,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.

Does Fairway Home Mortgage charge a mortgage origination fee?

Yes, Fairway Home Mortgage may charge a loan origination fee.

What mortgage programs does Fairway Home Mortgage offer?

Fairway Home Mortgage offers the following mortgage types:

  • Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
  • FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
  • USDA: A zero down payment mortgage loan with low rates for suburban and rural homebuyers.
  • VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.

What property usage types does Fairway Home Mortgage allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Fairway Home Mortgage allows the following property usage types: 

  • Primary home
  • Secondary homes and vacation properties
  • Investment properties and house flipping projects
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Message From Our Editor

What We Love About Fairway Independent Mortgage

Fairway Independent Mortgage offers a quick, easy online application process and a comprehensive, integrated mobile app that makes applying and following up on loans easier than ever before. This company has been working in the Internet realm for more than 20 years, servicing mortgages and finding better ways to do so by integrating technology and AI. They’ve done this well, and consumers who want a truly integrated, seamless online mortgage experience can rely on this lender.

What Could Fairway Do Better?

Fairway Independent Mortgage has a wide selection of lending products, and they seem to have pretty good customer service. Still, a few reports show that the company has sold loans to other servicers or companies without telling borrowers. There have also been some people that report difficulty getting in touch with loan officers. However, the reviews are positive for the most part.

Fairway's Backstory

Fairway was founded in 1996 in Madison, Wisconsin. The company was created as an Internet-savvy lender at the dawn of the online age, growing into a national brokerage network today that is rather impressive. The company has over 300 independent locations and 4,300 employees, along with more than $50 billion in loans funded to date.

The Verdict

For those who want an online mortgage application that is simple and accessible, Fairway may have the solution. Their mobile app offers an application that takes less than 10 minutes to complete, and approvals are near-instant for most borrowers. They also have a 24/7 portal for borrowers and applicants.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:30am - 5:00pm
  • Tuesday 8:30am - 5:00pm
  • Wednesday 8:30am - 5:00pm
  • Thursday 8:30am - 5:00pm
  • Friday 8:30am - 5:00pm
  • Saturday Closed

Other Services by Fairway Independent Mortgage Corporation

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Intended Use
  • Investment
  • Primary Home
  • Secondary Home
Investment
Primary Residence
Loan Amount Up to $3,000,000
Interest Rate Types Offered N/A
Mortgage Programs
  • FHA
  • USDA
  • VA
Terms 10, 15, 20. 25, 30

Fairway Home Mortgage Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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