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USDA Dates & Reminders During Conversion to NEW GUS

As a reminder, USDA has announced that they will continue processing loans through 02/26/2021 and final submissions received by USDA via Legacy GUS by 11:59 PM ET on 02/12/2021 will be considered for conditional commitment prior to the 02/26/2021...

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Pricing Special Updates

We are pleased to announce that we will be making the pricing specials offered in 2020 for Conventional loans permanent effective January 1, 2021. These positive adjustments will now be shown as an LLPA on our rate sheet.   Additionally,...

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Auto-Lock Extensions available in DRIVER

Lock Extension functionality is now available in Fairway’s Driver Portal for conventional and government fixed rate products.  With this enhancement, physical lock confirmations will still be delivered manually following the extension request...

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Fairway Holiday Office Hours

In observance of the upcoming holidays, Fairway Wholesale Lending’s business hours are as follows: Thursday, 12/24 - Office Closes at 12pm CST Friday, 12/25  – Offices Closed Friday, 1/1  – Offices Closed Reminder – National Holidays...

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2021 FHA Loan Limits - Announced!

The Federal Housing Administration (FHA) announced yesterday the agency's new schedule of loan limits for calendar year 2021 for its Single Family Title II forward and Home Equity Conversion (reverse) Mortgage insurance programs.The new loan...

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2021 Loan Limits

As previously announced by the Agencies, the newly updated 2021 loan limits are effective as of January 1st. The new 2021 general and high balance conventional loan limits are currently available for all conventional loans and can be found...

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Freddie Mac SOFR ARMs Available 12-23

We are pleased to announce the upcoming release of the Secured Overnight Financing Rate (SOFR) indexed ARM effective Wednesday, 12/23/2020.With the retirement of the LIBOR-indexed ARM, FHLMC has transitioned to the SOFR-indexed ARM. Conforming...

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Important Dates

Dear Valued Clients, Thank you for the business you’ve sent to us this month.  In order to insure smooth closings and fundings, Fairway would like to remind you of the following important dates: REFINANCES – in order to fund by 11/30,...

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