Fairway Independent Mortgage

About Fairway Independent Mortgage

Founded in 1996, Fairway Independent Mortgage Corporation has grown into one of the nation's largest mortgage lenders, funding over $71 billion in 2021 alone. With over 500 branches nationwide, Fairway combines the strength of a national lender with a local, personalized approach. The company is known for its commitment to speed, service, and supporting military families through the American Warrior Initiative.

Key Features

• FairwayNow Mobile App: Apply, upload documents, and track your loan from your phone
• Priority Purchase Program: Close purchase loans in as few as 10 days
• American Warrior Initiative: Specialized programs and support for veterans
• Fairway ExpressClose℠: Digital closing options for faster completion
• Local Market Experts: In-person service with 500+ branch locations
• First-Time Homebuyer Focus: Dedicated programs and educational resources

Loan Types

• Conventional Fixed-Rate Mortgages
• FHA Loans
• VA Loans
• USDA Rural Development
• Jumbo Loans
• Renovation Loans (FHA 203k & HomeStyle)
• Down Payment Assistance Programs
• Reverse Mortgages
• Investment Property Loans
• Construction Loans
• Refinancing Options

Requirements

• Minimum Credit Score:
  • 580 (FHA with 3.5% down)
  • 620 (Conventional)
  • 640 (USDA)
  • No minimum for VA loans
• Down Payment:
  • 3% (Conventional)
  • 3.5% (FHA)
  • 0% (VA and USDA)
  • 10-20% (Jumbo)
• Debt-to-Income Ratio: Up to 45% standard, 50% with compensating factors
• Employment: 2 years preferred, exceptions for recent graduates
• Income Documentation: Recent pay stubs, W-2s, tax returns

Contact Information

• Website: www.fairwayindependentmc.com
• Phone: 1-866-912-4800
• Hours: Mon-Fri 8:30am-5pm local time (branch hours vary)
• Headquarters: 4750 S. Biltmore Lane, Madison, WI 53718
• Branch Locations: 500+ nationwide
• NMLS ID: #2289