Do you ever worry about interest rates rising before your client finds the right property? Let Fairway’s Lock, Shop and Go program bring peace of mind to the home-buying process for you and your client. The program provides assurance that the client’s interest rate remains the same for 90 days* with no additional fee while they are shopping for a home.
Program guidelines include:
• Eligible on purchase transactions only
• Available on Fairway’s Conventional, FHA, VA,** and USDA fixed-rate programs
• If rates decrease, Fairway has that covered!
o The borrower will provide their signed purchase agreement within three (3) days of signing, and Fairway will update their initial lock to a final lock for up to 60 days at the improved market rate if market conditions allow***
*Pre-approval is required, additional qualiﬁcation and restrictions apply, please contact Fairway Independent Mortgage Corporation for full details. **VA loans subject to individual VA Entitlement amounts and eligibility, qualifying factors such as income and credit standards, 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. These materials are not from VA, HUD or FHA, and were not approved by VA, HUD or FHA, or any other government agency. ***Initial locked rate or current market rate.