Products & Programs

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 100% (Fannie Mae RefiNow) and 80% (Freddie Mac Refi Possible) 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)

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*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.

Comparing Renovation Loan Options

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 $3 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!

Conventional FNMA & FHMLC 97% Max LTV

Fixed and adjustable rate mortgage (ARMs)
HomeReady® and HomePossible®
RefiNow and RefiPossible

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