Nerdwallet reviews Fairway Independent Mortgage Corp.

Nerdwallet, the financial industry comparison and review website for consumers, published its 2017 review of Fairway Independent Mortgage Corporation this week. See how we fared below.


> Download Homebuyers Guide

> Get Pre-Qualified For A Mortgage

> Search For Homes

> Compare Loan Products

> Down Payment Assistance

> VA Loans for Arizona Veterans

> Fairway Arizona Branch Locations

- Reprinted by permission of author and Nerdwallet


March 7, 2017

Fairway Independent Mortgage Corp. wants to simplify the mortgage lending process in ways that will save customers time and money. It offers borrowers a robust suite of loan products and customer service touch points to do just that.

From the usual stable of fixed-rate conventional loans and adjustable-rate mortgages to FHA, USDA, VA, renovation and reverse mortgage loans, Fairway has something for nearly every type of borrower. Founded in Madison, Wisconsin, in 1996, Fairway has grown into a national independent brokerage network with more than 4,300 employees — including more than 1,500 loan officers — in over 300 branches. It also has a second corporate headquarters location in Carrollton, Texas.

Let’s see how Fairway Independent Mortgage stacks up against other lenders.


  • Offers fixed-rate loans of 10 to 30 years, ARMs, jumbo and conventional loans

  • Licensed in all 50 states

  • Provides FHA, VA and USDA loans, renovation loans and reverse mortgages


Fairway Independent Mortgage loan products

If you’re looking for a fixed-rate loan, Fairway has several term options: 10, 15, 20, 25 or 30 years, depending on the loan type. Likewise, if you want an adjustable-rate mortgage, Fairway offers those, too, but doesn’t list its ARM terms online. Fairway did not respond to multiple requests for an interview and information.

Fairway also offers a variety of government-insured loans, including Federal Housing Administration, U.S. Department of Agriculture and Veterans Affairs.

One of its most notable offerings, however, is a renovation loan. With Fairway’s HomeStyle Renovation Loan, you can combine the cost of remodeling and the mortgage loan amount into one loan, regardless of whether you’re purchasing a home or refinancing your current mortgage. This helps you streamline your mortgage payment and the cost of home improvements by avoiding the need for two separate loans.

There’s no minimum dollar amount you have to spend on repairs, and you can use the money for all types of remodeling projects. The upgrades must be “permanently affixed to the real property, add value to the property and be completed by a licensed contractor,” according to Fairway’s website. You can even use the renovation loan for energy-efficient upgrades — think solar panels — on your home.

High-tech, high-touch customer service

If Fairway customers have problems or questions, they can turn to a 24/7 online loan administration portal, a new mobile app, a call center and email help. Borrowers also get an easy-to-use loan application with Fairway’s eight-step online application process, which is on a par with that of other major mortgage lenders.

What sets Fairway apart from other lenders in an industry that’s slow to embrace new technology is its new FairwayNow mobile app. With the new app, borrowers can find a local loan officer, calculate monthly mortgage payments, apply for a loan in under 10 minutes, and securely scan and upload financial documents, according to a news release in December. The release also states that Fairway’s app can help close home loans in as little as 10 days.

“Fairway is dedicated to providing speed of service with consistent communication to our clients,” Steve Jacobson, founder and CEO of Fairway, said in the news release. “We want customers to be able to close when they want, so why not offer a solution that allows them flexibility in closing?”

What Fairway does best
  • Offers a wide variety of loan products to suit most borrowers’ needs

  • Has a comprehensive mobile app that makes loan application and tracking easy

  • Provides in-depth FAQs and a mortgage glossary

See full article on Nerdwallet HERE


> Download Homebuyers Guide

> Get Pre-Qualified For A Mortgage

> Search For Homes

> Compare Loan Products

> Down Payment Assistance

> VA Loans for Arizona Veterans

> Fairway Arizona Branch Locations

Featured Posts
Recent Posts
  • Facebook Basic Square
  • Twitter Basic Square
  • LinkedIn Social Icon
  • Instagram Social Icon
  • Google+ Social Icon
  • Pinterest Social Icon

The Comfort of

Your Home Loan

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

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 

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 



Hours of Operation:

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

Complaints may be directed to:


Legal Links:

Terms of Use
Privacy Policy
Legal Disclosures