SPECIALTY PROGRAMS
The housing market doesn't have to feel like a battlefield. We offer unique programs that will help you compete with cash offers. Check out the program highlights and benefits below!
LET FAIRWAY'S LOCK, SHOP & GO PROGRAM BRING PEACE OF MIND TO THE HOME-BUYING PROCESS.
LET FAIRWAY'S LOCK, SHOP & GO PROGRAM BRING PEACE OF MIND TO THE HOME-BUYING PROCESS.
Take action by securing the rate today while shopping for a home. Lock in the rate for 90 days and NO additional fee!
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Eligible on purchase transactions only
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Available on Fairway's Conventional, FHA, VA, and USDA fixed-rate programs
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If the rates decrease, Fairway has that covered!
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Provide the signed purchase agreement within three (3) days of signing, and Fairway will update the initial lock to a final lock for up to 60 days at the improved market rate if market conditions allow.
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Seller receives peace of mind knowing the financing is guaranteed
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Buyer can compete with cash offers
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Borrower does not have to pay any additional fees to use this program
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If the guarantee is triggered, the seller may opt for Fairway to NOT buy their home, and instead walk away from the deal with $10,000 paid by Fairway, and the contract will be terminated.
FAIRWAY CASH GUARANTEEâ„¢ ADVANTAGES:
ADDITIONAL REQUIREMENTS/DETAILS:
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Borrower must have a Fairway Advantage® Pre-Approval
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Borrower must be financing with an FHA, VA or Conventional loan
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Note: If the seller opts to have Fairway purchase their home, Fairway will pay the appraised value or the contract price, whichever is lower.
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More than a pre-approval, this is an actual loan approval from a Fairway underwriter provided before you even begin your home search and subject to only property-specific conditions. When making offers, you'll be able to submit your conditional approval letter from underwriting.
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This underwriting approval will make your offer stand out, giving you a great chance of winning the contract.
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There is less to do once you go under contract:
- Update documents if initial docs have expired
- Get an appraisal, if applicable
- Obtain a condo warranty, if applicable
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No additional costs or strings attached to use the Fairway Advantage® Pre-Approval program