June 5, 2020

Fairway Mortgage – Loan Products | Mortgage Process | Types | Benefits

Fairway mortgage was founded in the year 1996 by Steve Jacobson. Just five years after opening its doors, the fairway is up to a $1 billion funded mark. With much effort put in on the purchase or buying a business, it is said to grow each year, funding $17.5 billion in the year 2017.

Fairway Mortgage

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Fairway Mortgage

A fairway mortgage is customer service is a way of life. It is dedicated to looking for the great rates and the loan option for their customers while offering some of the fastest turn times in the industry. Its goals are to act as a trusted advisor, helping you get through every step of taking off the loans process and also providing highly personalized service. It is designed to exceed expectations provide satisfaction and earn trust.

Fairway Mortgage Loan Products

Since the opening door more than 23 years ago, the teams have helped up to thousands of Americans achieve the dreams of their homeownership. Likewise, if you want an adjustable-rate mortgage, fairway offers too, but it doesn’t list the ARM terms for you online.  It doesn’t respond to multiple requests for an interview and the information. Fairway as well offers a variety of Government-backed loans, which include FHA loans, USDA loans, and VA loans. However, is a renovation loan? With the Home-style renovation loan, you can as well combine the cost of the remodeling and the mortgage loan amount into the one loan, regardless of whether you’re purchasing a home your current mortgage. There is no minimum dollar amount you have to spend on the repairs and you can use the money for all the types of remodeling projects.

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Fairway Mortgage Process

The following are the process that provides you with steps to apply.

  • Use the Fairway Now mobile App.
  • Apply Through the Fairway Website.
  • Call or Visit a Branch for Face-to-Face  Service.

Note: That there is a digital closing process, which can allow you to buy and sell to preview and approve documents electronically before the settlements.

Types of Fairway Mortgage

The following are the types of mortgage.

  • Thirty-Year Fixed Rate Mortgage.
  • Adjustable-Rate Mortgage.
  • Hybrid ARM (3/1 ARM, 5/1 ARM, 7/1 ARM).
  • Renovation Loan programs.
  • Fifteen-Year rate Mortgage.
  • Reverse Mortgages.
  • Government Loan Programs.

These are the kinds or types of mortgage.

Benefits

Below are the lists of benefits of Fairway Mortgage.

  • Health Insurance.
  • 401(K) Plan.
  • Life Insurance/Disability.
  • Casual Dress/Atmosphere.
  • Flex-time/Flexible Schedule.

The above listed are the benefits you stand to get from a fairway mortgage.

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