Products and Programs banner

Introducing Fannie Mae's RefiNOW™ and Freddie Mac's Refi Possible℠ - Fairway Wholesale Lending

Brokers, your home buyers may be eligible!

Fannie Mae & Freddie Mac have adopted a new refinance option for loans to borrowers with incomes at or below 80% of area median income (AMI).  What does this mean for our partners? This means that your clients may be eligible to take advantage of this program.  If their mortgage is owned or guaranteed by Fannie Mae or Freddie Mac, they may be able to take advantage of this program today!

CONTACT YOUR FAIRWAY WHOLESALE LENDING ACCOUNT EXECUTIVE OR CLIENT LIAISON TO LEARN MORE!  NOT AN APPROVED PARTNER OF OURS, NO WORRIES, GET STARTED ON THE APPROVAL PROCESS TODAY SO THAT YOU CAN BEGIN OFFERING THIS PROGRAM TO YOUR CLIENTS RIGHT AWAY! CLICK HERE TO GET STARTED!

Extended Rate Lock Program

  • Allows the borrower to lock an interest rate for a period of 120 to 180 days for newly constructed properties
  • Conventional fixed rate -FNMA and FHLMC (high balance permitted)
  • Government fixed rate -- FHA, VA,* and USDA (high balance permitted)

*VA loans subject to individual VA Entitlement amounts and eligibility, qualifying factors such as income and credit guidelines, and property limits. Fairway is not affiliated with any government agencies. These materials are not from VA, HUD or FHA, and were not approved by VA, HUD or FHA, or any other government agency.

FNMA HomeStyle®

  • 620 FICO
  • 3.5% (96.5%) LTV
  • 1 to 4 Unit Primary Residence

FHA 203(k) Standard

  • 620 FICO
  • 3.5% (96.5%) LTV
  • 1 to 4 Unit Primary Residence

FHA 203(k) Limited

  • 620 FICO
  • 3.5% (96.5%) LTV
  • 1 to 4 Unit Primary Residence

USDA (U.S. Department of Agriculture)

  • 620 Minimum FICO
  • Purchase and Refinance
  • Streamline Refinance
  • Fairway will run GUS for you!

* Agency products are eligible for Escrow Holdbacks repair. Contact your AE or get approved with Fairway Wholesale Lending today!

VA (U.S. Department of Veterans Affairs)

  • 580 Minimum FICO
  • Purchase and Refinance
  • VA IRRRL / No Appraisal Required

FHA (Federal Housing Administration)

  • 580 Minimum FICO
  • HUD $100 Down Program
  • Purchase and Refinance
  • Refi Streamline with No Credit Qualifying

Jumbo Non-Agency AUS

  • Loan amounts up to $2 Million*
  • 660 Minimum FICO
  • Up to 89.99% LTV/CLTV
  • Primary, second home and investment properties
  • Up to 45% DTI
  • No MI on loans over 80%

* Product eligibility may vary based on occupancy, LTV, and minimum FICO.  Contact your AE or get approved with Fairway Wholesale Lending today!

Jumbo Program

  • Loan amounts up to $3 Million*
  • 680 Minimum FICO
  • Up to 89.99% LTV/CLTV
  • Primary, second home and investment properties
  • Up to 43% DTI

* Product eligibility may vary based on occupancy, LTV, and minimum FICO.  Contact your AE or get approved with Fairway Wholesale Lending today!

The Fast Lane Program

Do you have serious and capable buyers who are searching for a conventional fixed-rate mortgage?Your clients could benefit from this program that puts them in the position for faster approvals!   Contact your AE or get approved with Fairway Wholesale Lending today!

Conventional FNMA & FHMLC 97% Max LTV

  • Fixed and adjustable rate mortgage (ARMs)
  • HomeReady® and HomePossible®

Contact your AE or get approved with Fairway Wholesale Lending today!