Credit & LTV | <=60% | 60.01-65% | 65.01-70% | 70.01-75%* | 75.01-80%* |
>=740 | 6.000% | 6.125% | 6.250% | 6.625% | 6.750% |
720-739 | Please Call | Please Call | Please Call | Please Call | Please Call |
700-719 | Please Call | Please Call | Please Call | Please Call | Please Call |
680-699 | Please Call | Please Call | Please Call | Please Call | Please Call |
660-679 | Please Call | Please Call | Please Call | Please Call | Please Call |
640-659 | Please Call | Please Call | Please Call | Please Call | Please Call |
620-639 | Please Call | Please Call | Please Call | Please Call | |
600-619 | Please Call | Please Call | Please Call | Please Call | |
580-599 | Please Call | Please Call | Please Call | ||
579 and below | Please Call | Please Call | |||
No Score | Please Call | Please Call |
Property Type Adjustments | |
SFOO/2nd Home (detached) | 0.000% |
SF Condo (attached) | 0.500% |
Investment Property / Multi Family | 1.000% |
Mobile Homes with Land | 1.000% |
Vacant land | 2.000% |
Loan Size Adjustments | |
<= $24,999 | 3.000% |
$25,000 to $75,000 | 1.000% |
$75,001 to $400,000 | 0.000% |
Term Adjustments | |
10 year or less | -0.500% |
15 year | -0.250% |
20 year | 0.000% |
30 year (available for loans ≥ $75,000) | 0.125% |
Rate Adjustments | |
LTV <= 50% | -0.125% |
Gift as Part of Down Payment | 0.250% |
(Gift by non-occupant) | |
Bank Statement Program | 0.250% |
Appraisals | |
If seller has owned home for fewer than 6 months, | |
2nd appraisal may be required to protect purchasers | |
and lenders from “flips” with inflated sales prices. |
LTV and State Parameters | LTV Limits |
<= $ 24,999 | Max 60% |
$25,000 - $75,000 loan | Max 70% |
$75,001 - $100,000 loan | Max 75% |
$100,001 - $400,000 loan | Max 80% |
Rental, MH with Land, Multi Family | Max 70% |
Condo / Townhome | Max 75% |
30-year term (Max 80% if credit is ≥ 675) | Max 75% |
Vacant Acreage | Max 65% |
If Down Payment is 50% or more in Gifted Funds | Max 75% |
State / Region Specific: | |
New York, Ohio | Max 70% |
Minimum Loan Amount | $50,000 |
Start your Near-Miss Application Today
Fairway Asset Corporation
8555 16th. St, Suite 603
Silver Spring, MD 20910
Office (301) 222-1070
Fax (866) 222-8972
Fairway Asset Corporation
15400 Calhoon Drive, Suite 120
Rockville, MD 20855
Office (301) 222-1070
Fax (301) 222-0862
MD Lic No. 18346, MD State Commissioner of Financial Regulation, VA Lic No. MC-5452, VA State Corporation Commission, PA Lic No. 37448, Commonwealth of PA, CA Lic No. 603 J584, Department of Corporations, State of CA, NJ Lic No. 293044, NJ Dept of Banking and Insurance, CO Lic No. 293044, Colorado Division of Real Estate, DE Lic No. 019327, State of Delaware - Office of the State Bank Commissioner, DC Lic No. MLB293044, District of Columbia Department of Insurance, Securities and Banking, IN Lic No. 27916, Indiana Department of Financial Institutions, NC Lic No. L-169942, North Carolina Commissioner of Banks, GA Lin No. 60069, Department of Banking and Finance, AL Lic No. 22538, State of AL, State Banking Department - NMLS ID 293044 (Click here to view NMLS Consumer Access)
Disclaimer: Rates, Terms, and Conditions dependent on Borrower's Credit/Income/Debt stats and are subject to change without notice. No promises or guarantees are expressed or implied on this entire website or binds Fairway Asset Corporation to any agreement.
Descargo de responsabilidad: de Intereses, termino de préstamo y condiciones dependiendo del crédito/ingreso/deudas del comprador, y sujetó a cambios sin aviso. Ninguna promesa o garantía están expresadas o indicada en esta información en el website, que sujete a Fairway Asset Corporation a algún acuerdo.
Disclosures & Licenses
NMLS ID 293044 (Click here to view NMLS Consumer Access)
Disclaimer: Rates, Terms and Condition dependent on Borrower's Credit/Income/Debt stats and are subject to change without notice. No promises or guarantees are expressed or implied on this entire website or binds Fairway Asset Corporation to any agreement.