Fairway Independent Mortgage 3593

Here at Fairway Independent Mortgage Corporation, we offer a variety of loan options that can help you achieve homeownership with the speed and service you deserve.

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About Us

Whether you’re looking to buy, build or refinance your home, our experienced mortgage professionals are here to help. Here at Fairway Independent Mortgage Corporation, we offer a variety of loan options that can help you achieve homeownership with the speed and service you deserve. Plus, our mortgage professionals are dedicated to finding the right loan with great rates, terms and costs to meet your specific needs.

Financing a home is one of the biggest commitments you will ever make – let us help guide you throughout the entire loan process from application to closing and beyond. We look forward to putting our mortgage service to work for you!

Your home isn’t just a place to live; it’s an investment for you and your family’s future.

Here at Fairway Independent Mortgage Corporation, we offer a wide variety of loan options to meet the unique needs of our customers. We understand selecting the right loan product can be overwhelming; however, our mortgage professionals will provide tailored advice to help you make the best decision for you and your family.

Fairway Independent Mortgage Loan Options

Fixed-Rate Mortgage

Interest Rate and monthly payments remain the same for the entire term of the loan.

Adjustable-Rate Mortgage (ARM)

The homeowner could potentially lower their monthly payments with the lowered interest rates.

The initial interest rate is fixed typically for 3-10 years

Conventional Mortgage

Fewer penalties and fees.

Second home purchase options.

Jumbo Mortgage

Purchase a more expensive property.

Variety of terms available.

FHA

Low down payment options.

Flexible income and credit requirements.

USDA

Low credit score requirements.

Flexible credit underwriting requirements.

VA

Low to no down payment.

Low income and credit requirements.

No mortgage insurance.

Refinance

May be able to refinance to a lower interest rate.

Consolidate debt.

Turn your home equity into cash.*

Renovation Mortgage

Rolls the cost of upgrades and home purchase or refinance into one loan

Reverse Mortgage**

Withdraw a portion of your home’s equity

Paying monthly mortgage payment is optional (must continue paying taxes, insurance & maintenance payments)

Purchase a home that better suits your needs

*Appraised property value may affect loan amount.

**The cash from equity is usually tax free. This information does not constitute tax advice or financial planning advice. Please consult a tax advisor for tax advice and a financial planner regarding enhancements to retirement plans. Fairway is not affiliated with any government agencies. These materials are not from HUD or FHA and were not approved by HUD or a government agency.  Reverse mortgage borrowers are required to obtain an eligibility certificate by receiving counseling sessions with a HUD-approved agency. Must be at least 62 years old. Loan proceeds are not considered income and will not affect Social Security or Medicare benefits. Your monthly reverse mortgage advances may affect your eligibility for some other programs.  Consult a local program office or your attorney to determine how, or if, monthly reverse mortgage payments might affect your specific situation.  At the conclusion of the term of the reverse mortgage loan contract, some or all of the equity in the property that is the subject of the reverse mortgage no longer belongs to you and you may need to sell or transfer the property to repay the proceeds of the reverse mortgage with interest from your assets.  We will charge an origination fee, a mortgage insurance premium, closing costs or servicing fees for the reverse mortgage, all or any of which we will add to the balance of the reverse mortgage loan.  The balance of the reverse mortgage loan grows over time and interest will be charged on the outstanding loan balance.  You retain title to the property that is the subject of the reverse mortgage until you sell or transfer the property and you are therefore responsible for paying property taxes, insurance, and maintenance.  Failing to pay these amounts may cause the reverse mortgage loan to become due immediately.  Interest on reverse mortgage is not deductible to your income tax return until you repay all or part of the reverse mortgage loan.

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