Discover What’s Possible and Start Shopping for that New Home
A housing market seemingly steeped with more obstacles than opportunity simply requires a change of approach to create affordability. Before giving up, dive into what’s possible. If you’re serious about a first or next home and are waiting for the “right” time, you’re not alone, but you might be missing it!
We specialize in helping generations make homeownership an affordable reality from their first to their forever home. We’re a little out of the box when it comes to home loans truly looking to find our clients the financing that matches their needs of the moment.
Home Loans Change to Accommodate Market Needs
Mortgage rates took a steep hike, literally, in Spring of 2022 and rate buydowns once again took the forefront as a solution. A seller paid rate buy down is less costly to the seller than a price reduction AND creates affordability for the buyer.
Since 2022 housing supply has been tight making a would be seller hesitant to list and sell their home prior to finding a new one. Bridge loans appeared in earnest by 2023 enabling a release of equity in the existing property to enable buyers with a home to sell a path to qualifying prior to the sale on their current home.
Our pool of creative solutions is DEEP! Come dive in and find out what’s possible. Here are some ideas to spark your quest to learn more:
First-time Home Buyers
- Create a plan for an impending or future purchase by exploring alternative down payment ideas
- Understand how to establish, build, and optimize credit score and the role it plays
- Dive in and get prequalified knowing you have a team excited to answer all your all questions
Buy Before You Sell
- Plan that move into your new home before even listing your home for sale
- Ease the stress of a move and optimize the resale on your current home with time for those extra touch-ups
- Improve offer acceptance by removing the contingency on the sale of your current home from your purchase
Self-Employed & Alternative Income
- Qualify on actual income, not tax reported income
- 1099 borrowers welcome, no tax return required
- High net worth borrowers who shelter the majority of income can now qualify, no tax reported income limitations
Investor Financing
- Let the income from the property qualify the property – no personal income requirement
- No landlord history required
- Current rent appraisal or existing property rental income used for qualifying
Traditional Financing
Standard 3%, 5%, 10% & 20% down offerings with streamline qualifying, guaranteed fees, low rates and 30 day closes.
Retirement Mortgages
- After age 62 the options for home financing expand. Let us help you find the right path to affordably own that forever home.
- Options include asset based loans, retirement income loans and home equity conversion 1st and 2nd
Government Loans
VA, FHA, USDA all welcome and managed through our highly skilled in-house underwriting teams.
So Much More
There are so many nuances inside each category as we constantly add new loan products to our mix. Before you accept “no” or a loan than seems less than ideal, call us!
Who We Are
We are a local team backed by a national presence. Fairway Independent Mortgage Corporation was founded by Steve Jacobsen, a loan officer who wanted to fulfill the dream of home ownership for clients and knew there were ways beyond the limitations he’d experienced over his career.
He dove in and founded Fairway in 1996 and continues his quest to this day providing our nationwide team of loan originators access to a wide set of loan options optimizing your chance of qualifying while saving you time and money with our team of in-house experts.
Don’t Settle
You won’t be subjected to hand offs, delays, unexpected fees, or surprises. We don’t cut corners that cost you in the future. All pre-approvals have been fully underwritten assuring you qualify and providing an accurate estimate. Competitive pricing and customer service is what we’re known for and looking forward to sharing our expertise with you.
Discover What’s Possible
From consultation through close and funding, you work only with our team. We help you think through your plan, weigh in on the what ifs, and in 31 years of helping homebuyers become home owners, we’ve learned a few things. Bring your questions, get some answers, and let the home shopping begin!
Let us Help Make it Affordable
Advice aside, money talks. We’re throwing-in to reduce your first year costs buying your rate down 1% for year one. The resulting below market rate can net you thousands in savings over that first year.
Example:
Loan Amount $450,000
Year one Rate 5.500% (APR 5.85%)
Year 2-30 Rate 6.500% (APR 6.89%)
(Assumes the borrower qualified for a 30-year fixed rate mortgage at 6.50%)
How it Works
A 1/0 buydown reduces the first-year rate. In the example above, the drop from 6.50% to 5.50% results in a buyer savings of approximately $4,500.00 in interest AND provides a lower monthly payment for that first 12 months of home ownership.
This is a limited time offer available on new contracts/locks between 4/1/25 and 6/30/25. Not available on select programs including HECM programs.
Disclaimer: Not all temporary buydown options are available for every product or scenario. Talk to your Fairway advisor for more details. A 1/0 lender-paid temporary rate buydown will reduce the note rate by 1% for the first year of the term, after which the rate will revert back to the originate note rate for the remainder of the term. Promotion expires 4/30/2025. Special incentive offer subject to change without notice. This offer not valid with any other incentives or discounts. Copyright 2025 Fairway Independent Mortgage Corporation NMLS#2289. 4750 S. Biltmore Lane, Madison WI 53718,1-866-912-4800. www.fairway.com. All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitation may apply. Equal Housing Opportunity.
