A mortgage is a big decision. Your home financing should be handled by a mortgage lender who recognizes the whole picture and creates your Mortgage Analysis Plan built around your goals. What is the difference between a Mortgage Broker and a Mortgage Banker?
A Mortgage Banker like FAIRWAY Independent Mortgage Corp., is able to originate, process, underwrite, fund your loan and control the process from start to finish with no middleman, which insures our ability to close your loan on time with no hassles.Schedule a Pre-Purchase Consultation to Get Pre-Approved.
A Mortgage Banker like FAIRWAY Independent Mortgage Corp., is able to originate, process, underwrite, fund your loan and control the process from start to finish with no middleman, which insures our ability to close your loan on time with no hassles.Schedule a Pre-Purchase Consultation to Get Pre-Approved.
Services
Whether you're a home buyer needing pre-approval or a home owner looking to improve your month-to-month financial picture, Fairway Independent Mortgage is a great mortgage resource for you. Fairway's first Pennsylvania branch was opened in 2006 in Lancaster by a small team with a wealth of experience in the financial industry.
Conventional purchase and refinance mortgages can be fixed rate or adjustable rate mortgages, on primary residences or investment properties. If you are planning to borrow $484,350 or less for a single-family or one to four family home, you should be looking at a conforming conventional loan.
Conventional conforming loans are not made by a government entity, like FHA and VA loans, but instead follow the terms and conditions that follow the guidelines set forth by Fannie Mae and Freddie Mac.These established guidelines generally call for a minimum credit score, certain income requirements, and a minimum down payment of 3% for first time home buyers and generally between 5% and 20% down payments.
Conventional conforming loans are not made by a government entity, like FHA and VA loans, but instead follow the terms and conditions that follow the guidelines set forth by Fannie Mae and Freddie Mac.These established guidelines generally call for a minimum credit score, certain income requirements, and a minimum down payment of 3% for first time home buyers and generally between 5% and 20% down payments.
The Federal Housing Administration (FHA) is a federal agency within the US Department of Housing and Urban Development (HUD). The FHA guarantees both fixed and adjustable rate mortgages offered through Fairway. The FHA exists to facilitate housing opportunities and is widely used for first-time home buyers.
The Pennsylvania Housing Finance Agency (PHFA or the Agency) offers home purchase loans and refinance loans to qualified borrowers throughout the Commonwealth, through approved lenders. This loan program offers competitive 30 year fixed interest rates, lower fees, and closing cost and down payment assistance programs.
A Reverse Mortgage makes payments to you, as opposed to you making payment to your mortgage. This can be in a lump sum or monthly, depending on what kind of mortgage program you use. A Reverse Mortgage is a loan program specifically designed for people aged 62 years or better, that allows you to receive payments from your home using your accumulated equity.
Reviews (9)
Deb Dandridge
Sep 07, 2021
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Ken and his team are the awesome! They are knowledgeable, friendly, answer ANY question with a smile, search for the best possible mortgage and rate to fit my situation, and immediately called me with updates. I have worked with them before and will do so again.They made my mortgage experience effortless.
Emily Wilt
Jul 14, 2021
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FAIRWAY Independent Mortgage was referred to me by a coworker. I am glad she did because I am pleased with the service they provided. I would like to thank the team at FAIRWAY for their hard work, especially Chadston. He was soooo helpful, answered all questions thoroughly, and sent estimates/pre-approval letters quickly.
Csilla Vas
Aug 28, 2020
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Thank you for this great company to help us buying our first home! Highly recommend them! Special shout out to Nick Pray our loan officer! He worked with us for months leading us to the right direction to get the best loan as we can! Very nice person very patient and very smart! Dont hesitate people go get yourself a house!
Rich Berkheimer
Mar 26, 2019
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Ken knows NOTHING. Pam, his assistant knows even LESS, if that's possible. We were referred to them by the realty office of Berkshire Hathaway.
Why???
I dont know why they referred them to us. Because they're useless. For starters, Angela Mast dropped us, and our efforts to obtain a pre-approval letter after she saw we couldnt qualify for a… ba-jillion dollar house. So that caused my wife undue stress on many levels.
Then we had to find a different contact person at Fairway. That took about a week. Finally we landed with someone named Pam who also occasionally only got back to us once in
Why???
I dont know why they referred them to us. Because they're useless. For starters, Angela Mast dropped us, and our efforts to obtain a pre-approval letter after she saw we couldnt qualify for a… ba-jillion dollar house. So that caused my wife undue stress on many levels.
Then we had to find a different contact person at Fairway. That took about a week. Finally we landed with someone named Pam who also occasionally only got back to us once in
Carissa Larae Bonner
Jan 22, 2019
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Chantel Carolus
Sep 10, 2017
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It's a pleasure to know Melvin Byran Foundation. I had a great experience with them. Their service was top notch and i will not think twice to recommend their effort because i have successfully gotten my loan from them. Email them via melvinbryanfoundation@gmail com and be a beneficiary of this great foundation.
Debby Hoffman
Dec 05, 2016
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Josh Parra
Jun 22, 2016
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I'd like to THANK Ken, Jen, Kristy and the rest of the team that played a role in the upcoming closing of our home this Friday. Being in the real estate business, I know that re-locating to a new state can be… extremely stressful. Luckily for us, it was a smooth process due to the professionalism that Ken's team displayed throughout the whole process. I am also very grateful for the support in funding a VA loan for our new purchase. As a Veteran and self employed professional, I can say that I was in great hands with Fairway!
I had previously used FHA financing through Fairway for the purchase
I had previously used FHA financing through Fairway for the purchase
Dave Davis
Jun 02, 2015
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