Loan Programs offered by Fairway Independent Mortgage Corporation:

1. Affordable Housing Loan: This program is designed to assist individuals in purchasing affordable homes by offering flexible terms and low down payment options.

2. Physician Loan Mortgage: Tailored specifically for medical professionals, this program provides special financing options to assist doctors in buying or refinancing their homes.

3. Adjustable-Rate Mortgage: This loan program offers an initial fixed interest rate for a specified period, after which the interest rate adjusts periodically based on market conditions.

4. Conventional Loan: A conventional loan is a mortgage not insured or guaranteed by a government agency. It offers competitive interest rates and various term options.

5. FHA Mortgage Loan: Backed by the Federal Housing Administration (FHA), this loan program is ideal for first-time homebuyers with low down payment requirements and flexible qualification criteria.

6. Fixed-Rate Mortgage Loan: This program provides borrowers with a predictable and stable monthly payment over the life of the loan, as the interest rate remains fixed.

7. Jumbo Mortgage Loan: Aimed at financing higher-priced properties, this loan program exceeds the conventional loan limits, offering flexibility and competitive rates.

8. Refinance Loan: Fairway offers refinancing options that allow borrowers to replace their existing mortgage with a new one, potentially lowering monthly payments or obtaining better terms.

9. Renovation Loan: Designed for borrowers looking to finance both the purchase or refinance of a home and the cost of renovations or repairs.

10. Reverse Mortgage Loan: This program is available to seniors aged 62 years and older, providing them with an option to convert a portion of their home equity into cash while still living in the property.

11. USDA Mortgage Loan: Backed by the United States Department of Agriculture (USDA), this program offers affordable financing options for eligible rural and suburban homebuyers.

12. VA Mortgage Loan: Exclusively for active duty service members, veterans, and eligible surviving spouses, this loan program offers favorable terms and benefits provided by the Department of Veterans Affairs.

Please note that availability for each loan program may vary based on location and individual financial qualifications. Contact a Fairway Loan Officer to learn more about these loan programs and determine the best fit for your specific needs.