Serving Alabama & Florida
Lower rates with more flexibility
A Conventional loan refers to any loan that is not insured or guaranteed by the federal government, as opposed to government-insured home loans including FHA loans, VA loans, and USDA loans. Conventional mortgage loans (conforming or non-conforming) typically have a slightly higher down payment requirement than government loans; however, the Conventional loan option normally provides more flexibility and fewer restrictions.
Opening the doors to homeownership
FHA mortgage home loans are insured by the Federal Housing Administration (FHA) which can make it easier for you to qualify to purchase or refinance a home. This mortgage loan option offers flexible qualification guidelines to help people who might not qualify for a conventional mortgage.
Live comfortably outside the city limits
The United States Department of Agriculture (USDA) has developed affordable USDA mortgage loan financing options for homeowners located in designated small towns, suburbs and exurbs. This program helps eligible low- to moderate-income families achieve homeownership by offering a no down payment option.
Welcoming Veterans home
VA mortgage loan options are home loans backed by the U.S. Department of Veterans Affairs (VA) that provide affordable home financing options for eligible service members, veterans, and surviving spouses. Here at Fairway, we are proud to help our service members and veterans achieve the American dream of homeownership.
Think big with a jumbo mortgage
Jumbo mortgage loans allows you to purchase a more expensive home with a loan amount above the usual, or conforming, loan limits, which are set by the U.S. federal government’s Federal Housing Finance Agency. Each year, the FHFA reviews these loan limits and usually revises the limits upward for the following year.
Providing flexibility for homeowners
Adjustable-rate mortgage loan (ARM Loan) is a term loan option where the interest rate can change periodically after the initial fixed-rate period. After this introductory period, the interest rate associated with the mortgage loan is susceptible to increases or decreases based on market fluctuations, ultimately affecting your monthly mortgage payment.
Making a home's potential come to life
When shopping for a home, you may come across properties that aren’t quite what you are looking for but are oozing with potential. With one of Fairway’s renovation loan options, you can roll the cost of those repairs and improvements into one loan, which can save you both time and money.
Specialized to you
Medical professionals have a unique set of challenges on their journey to homeownership. Whether it's having to move across the country or tackling student loan debt, Fairway mortgage advisors understand that you have specific demands that must be taken into consideration when applying for a home loan.