Finding a loan for an individual or couple is a process of matching the right programs with the borrowers needs. We simplify the process and our goal is to save you time and money. Our motto "We are only as good as our last loan" is the benchmark attitude for our employees.

Listed below is an extensive list of our programs:

• FHA / VA loans
  
• Zero down payment programs
  
• Construction loan options
  
• Fixed rate and adjustable rate conventional mortgages
  
• Jumbo loans
  
• Extended lock options
  
• No income verification loans
  
• 1st time home buyers options
  
• Rural housing loans

We offer free pre-approvals and pre-qualifications. Please feel free to have a Fairway professional assist you with your financing needs. Please see our list of branches and contact the appropriate location that benefits you. Note: the results of any computations are not intended to be and should not be considered a commitment to interest rate, loan type, or amount of loan for which you may qualify. In addition mortgage rates are subject to change without notice. The above are estimates and not to be construed as exact quotes, but a reasonable approximation as of today's date.

Loan Program Library

Fixed Rate Mortgages
The most common type of mortgage program where your monthly payments for interest and principal never change.

Adjustable Rate Mortgages (ARM)
These loans begin with an interest rate that is lower than a comparable fixed rate mortgage, but the rate changes at specified intervals.

Standard ARMS and the Differences
Choosing an ARM with an index that reacts quickly lets you take full advantage of falling interest rates.

Introductory Rate ARM's
Most ARM's have a low introductory rate, which is good anywhere from 1 month to as long as 10 years.

Reverse Mortgages
A Special type of loan made to older homeowners to enable them to convert the equity in their home to cash to finance other needs.

London Inter Bank Offered Rate (LIBOR)
LIBOR is the rate on dollar-denominated deposits, also know as Eurodollars, traded between banks in London.

Balloon Mortgages
Short term mortgages that have some features of a fixed rate mortgage.

Interest Rate Buydowns
The buyer would pay points above current market points in order to pay a below market interest rate during the first two years of the loan. At the end of the two years they would then pay the old market rate for the remaining term.

Cost of Funds Index (COFI)
The ratio of the dollar amount paid in interest during the month to the average dollar amount of the funds for that month constitutes the weighted average cost of funds ratio for that month.

Graduated Payment Mortgage (GPM)
With a GPM the payments are usually fixed for one year at a time.

Choosing The Best Program
The right type of mortgage for you depends on many different factors