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Conforming Loan Limits Raised!
More Buying Power for Homebuyers in 2025: Conforming Loan Limits Raised to $806,500! Big news for homebuyers—your purchasing power just got a boost! The Federal Housing Finance Agency (FHFA) has announced an increase in the conforming loan limit for...
Why Buying Real Estate Young is the Ultimate Wealth-Building Move
Investing in real estate as early as possible is one of the smartest financial decisions you can make, especially if you’re in California, where programs like bond initiatives can help you purchase a home with no down payment. These opportunities make entering the...
How Do 20-Something Investors Own 20 Properties? Here’s Their Secret
Ever wondered how some investors in their 20s manage to own 20 (or more!) properties before they even hit 30? It’s not because they’ve won the lottery or inherited millions. Their secret? DSCR Loans (Debt Service Coverage Ratio Loans). At Fairway, we specialize in...
Why Aren’t Mortgage Rates Dropping Even When the Fed Cuts Rates?
With all the news about the Federal Reserve lowering rates, you’d think mortgage rates would be plummeting. Unfortunately, it hasn’t quite played out that way—mortgage rates have actually been inching up! So, what gives? Fed Cuts vs. Mortgage Rates: A Misunderstood...
How the 2024 Election Could Impact Your Mortgage Rates
With the presidential election around the corner, mortgage rates might be feeling the effects, depending on who wins. Here’s a quick look at what could happen: Rates Are Rising Mortgage rates have increased in recent weeks, influenced by market expectations...
Navigating California’s Insurance Crisis
Navigating California’s Insurance Crisis: How Our Mortgage and Insurance Partnerships Keep Your Home Purchase on Track California's insurance crisis is now disrupting the housing market in serious ways, with nearly one in seven home sales affected. Buyers are...
Stay Ahead with Rate Alerts
Stay Ahead of the Market with the California Employee Loan Program (CELP) Team at Fairway Independent Mortgage Corp. The California Employee Loan Program (CELP) Team at Fairway Independent Mortgage Corp. is proud to introduce a new service designed to make...
Timing is Everything, Maybe.
Timing is everything, maybe. The recent jobs report was a reminder to homebuyers and homeowners looking to refinance that trying to time mortgage rates is tricky and can be risky. Many people expecting lower rates were surprised when they went up instead. Last week,...
Fairway: Your Credit-Friendly Mortgage Partner
At Fairway Independent Mortgage Corp, we're committed to providing you with a seamless and stress-free mortgage experience. One of the ways we achieve this is by using soft credit pulls for prequalification. Why Soft Credit Pulls Matter Soft credit pulls offer...
Bank Statement Loans: What Are They and Who Should Get One?
If you're self-employed or have income that’s hard to show through tax returns or pay stubs, getting a mortgage might seem tricky. But don’t worry—there's a loan just for you: the bank statement loan. In this guide, I’ll walk you through what it is, how it works, and...
