Fairway Independent Mortgage Corporation
Customer service is a way of life at Fairway Independent Mortgage Corporation. Our philosophy is that Fairway and the customer are a TEAM. We work with you to make the dream of owning a home a reality. Fairway's flexibility to act as either a direct lender or as a mortgage broker ensures that we will find the right loan product at the best price to fit each customer's specific needs.We specialize in assisting First Time Homebuyers and Military Veterans with little or no money down loan products, which include using Down Payment Assistance programs. Our experience and knowledge of government (HUD/FHA/VA) loan programs make buying your first home or relocating to your new military post simple and stress free. We offer a complete line of loan products including programs for customers with less than perfect credit. Our ability to connect you with a local and professional Realtor may allow you to move into your new home with ZERO OUT OF POCKET COSTS! Our goal is to expedite and streamline the loan process, educate our customers, customize the loan program to meet your financial goals and become your lender for life. By consistently providing outstanding customer service, Fairway customers become not only our friends, but our Raving Fans.
Clay and his team were amazing. They stepped in late in the process and were able to blow the builders lender out of the water! They were much easier to work with and were honest and up front with information!
By: Kade S
Very communicative and personable! Julianna is the best!
By: Katrina F
Overall everyone was very friendly. However, the process was disorganized and we felt communication was not up to par. Our main bank account was somehow overlooked and they didn't realize it until the day before we were supposed to close even though it was listed on our pre-approval application and in email communications. We felt we were the ones that had to keep asking for status updates. However we did appreciate them working late in the evening to get it done for us.
By: Donna C
Deana was very thorough and helpful especially with this being my first time purchasing, She made my experience very smooth
By: Myranda S
Rob and team are super responsive and did a great job for us!
By: Faina M
Fairway Independent was founded in 1996 and is headquartered in both Madison, Wis., and Carrollton, Texas. In 2018, Fairway’s total mortgage volume was $26.7 billion. As of the end of the first quarter of 2019, loan volume was at $5.6 billion. It was also ranked fourth out of the nation’s top 100 mortgage companies by Mortgage Executive Magazine.
The website is relatively easy to use. However, as it is packed with information, it may take some time and effort to find exactly the information for which you’re looking. The site also lacks some details pertinent to an applicant, such as the required credit score needed to get a loan. LendingTree reached out directly to Fairway to gather some of that information, which can be found below.
Fairway Independent is currently licensed to do business in all 50 states within the U.S. The company has locations in the following 48 states, all of which have loan officers:
The application process can be managed online, on the phone or in person. Applicants have the option to either complete an application right away or set up an initial consultation and pre-qualification to go over the different programs offered. Applicants can determine which program might work best for their needs while also estimating how much they can afford.
The minimum credit score Fairway Independent accepts for borrowers is typically 580. However, there are certain products that require a higher score and others that may allow for lower scores.
Fairway Independent can offer manual underwriting with some programs to help evaluate an applicant’s ability to pay off the loan. Manual underwriting varies with each program, providing different results on a case-by-case basis.
Fairway Independent offers a wide selection of different products, ranging from purchase loans to home equity, fitting a variety of needs for many borrowers.
Fairway Independent also offers some special programs and perks for loan applicants. These can include the use of the company’s own internal credit improvement department, along with down payment assistance and secondary financing. Loan applicants can also apply for high loan-to-value (LTV) and low-down-payment programs that include the following: FHA, USDA, VA, Fannie Mae HomeReady, Freddie Mac Home Possible and Freddie Mac HomeOne.
The mortgage application process can basically be tailored to the applicant’s preferences. It can be done electronically, allowing the applicant to apply online and upload documents digitally, over the phone or in person.
The FairwayNow app makes for an even easier application experience, allowing a loan applicant to apply electronically on their phone or desktop. Documents can also be uploaded directly on the app, and there is live tracking to provide the status of the application. It even helps when searching for a home, thanks to property alerts and the instant chat messaging with the realtor.
For a better idea of how the company’s application process works, here is a quick overview.
Editorial Note: Parts of this article were reviewed by a lender to ensure accuracy prior to publication. The overall conclusions, recommendations and opinions are the author’s alone.
The information in this article is accurate as of the date of publishing.