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Your Home Loan

We make the home loan process as simple as possible by guiding you through every step.

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About Fairway Independent Mortgage Corporation

Founded in 1996 by CEO Steve Jacobson, Fairway Independent Mortgage Corporation is a Top 10 ranked national mortgage lender. The company has more than 250 locations including several Arizona Mortgage Branches. At Fairway, customer service is a way of life. At Fairway speed of response is the goal, with some of the fastest turn times in the industry. The goal is to act as a trusted advisor, providing highly personalized service and helping through every step of the loan process. It’s all designed to exceed expectations, guarantee satisfaction and earn trust. For more information on Fairway Independent Mortgage Branches in Arizona, please visit our website at www.FairwayArizona.com. 

AZ Mortgage Banker License Number: 0904162

Contact Corporate:

Fairway Independent Mortgage Corporation
NMLS Entity ID # 2289

NMLS Consumer Access

4801 S. Biltmore Lane
Madison, WI 53718 
Toll Free: 866-912-4800 
Fax: 608-837-4723 

Servicing:

1-800-201-7544

Servicing@fairwaymc.com

Hours of Operation:

Monday - Friday, 8:30 am - 5:30pm CST 
Saturday, 8:30am - 12:30pm CST

 
Complaints may be directed to:

877-699-0353
customerservice@fairwaymc.com

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Recent Posts

Fairway Independent Mortgage Corporation Announces Garcia-Kean Team

December 12, 2017

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Featured Posts

FHFA Increases Conventional Loan Limits for Home Purchases in 2018

 

Story Highlights

 

• For the second consecutive year, federal regulators have increased the amount of money potential home buyers can borrow on conforming mortgage loans.

 

• Increase of $29,000 to $453,100 from $424,100 in 2017 allows American homebuyers to compete in the rising home price (nearly 7%) market without venturing into stricter jumbo loan territory.

 

• High-cost area limits also set to increase to $679,650

 

 

- - - For the second consecutive year, the Federal Housing Finance Agency (FHFA) has raised the maximum loan amount on loans that qualify for purchase by Fannie Mae and Freddie Mac. These conventional or "conforming" loans are considered less risky for lenders, allowing for lower down payments and often lower interest rates for qualified buyers.

 

The current conventional loan limit is $424,100. Loans exceeding that limit are considered "jumbo" mortgages and typically require larger down payments and more stringent underwriting. The current limit to stay out of "jumbo" territory is set to increase by $29,000 to just over $453,100 starting January 1, 2017.

 

For high-cost areas in which 115 percent of the local median home value exceeds the baseline conforming loan limit, the maximum loan will be set higher than the baseline loan limit. The new ceiling loan limit in most high-cost areas will now be $679,650.

 

 

  

These increases, in response to a reported 6.8% increase in home prices in 2017, have many real estate experts predicting the changes will have a positive impact on the number of home buyers who will still be able to buy a home by staying within the lower down payment loan programs. 

 

As industry experts look into the new year, Arizona is again expected to be one of the hottest real estate market in the nation. These limit increases on conventional and FHA products may give Arizona home buyers the buying power they need to make a purchase in 2018. - - -

 

For more information on conventional and FHA Loan programs or to apply, contact a Fairway Independent Mortgage Branch near you to speak with an Arizona licensed loan officer.

 

Source: FHFA.gov

 

 

 

Copyright©2017 Fairway Independent Mortgage Corporation. NMLS#2289. 4801 S. Biltmore Lane, Madison, WI 53718, 1-877-699-0353. 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 limitations may apply. Equal Housing Lender. AZ License #BK-0904162.

 

Founded in 1996 by Steve Jacobson, and named by a childhood best friend, colleague and forever member of the Fairway family, Randy Cross, Fairway Independent Mortgage Corporation is a mortgage lender headquartered in Madison, Wisconsin and Carrollton, Texas. The company has more than 400 locations and over 5,900 employees nationwide. At Fairway, customer service is a way of life. Not only are we dedicated to finding great loan products and rates for our customers, we also offer some of the fastest turn times in the industry. Our goal is to act as a trusted advisor, providing highly personalized service and helping clients through every step of the loan process. It's all designed to exceed expectations, guarantee satisfaction and earn trust.

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