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Positive Government Changes

Fairway Wholesale Lending is happy to announce we’ve updated our government guidelines effective immediately. These guidelines apply to loans currently in the pipeline.

Positive Government Changes:

  • FHA and VA cash out refinance transactions available

  • 640 minimum credit score for all government transactions – purchase, rate/term refinance, cash out refinance and VA IRRRL

  • 30 day locks available at time of application; 15 day locks on all refinance transactions available at Approval milestone

  • Removal of DTI restrictions – follow AUS feedback

 

Please see the rate sheet for all applicable loan level price adjustments.

 

 

Positive Government Changes | Client Announcement 2020-06-02