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Fairway Cash Guarantee®
Give your buyers an edge and your sellers confidence
What is the Fairway Cash Guarantee®
We like to think of it as a super seller guarantee. We’re so confident that our borrowers will qualify for financing by the closing date that if they don’t,
Fairway will:
•Purchase your seller’s property in cash for the lesser of the home’s appraised value or sales price OR;
•Pay your seller $10,000 for the trouble, allowing them to pocket the money and relist their home
Fairway Cash Guarantee® Advantages
•Seller has confidence in closing
•Buyer can compete with cash offers and have an edge over other financed offers
•Works for FHA, VA, Conventional and Jumbo loans (up to $1,000,000 purchase price)
•Works for primary, second home, condos and investment buyers
•No fees to use, unlike similar programs
•As a buyer's or seller’s agent, you STILL make commission if Fairway buys the home!
How It Works
•Fairway works to get your buyers fully qualified for financing and the Fairway Cash Guarantee® program
•You submit the Fairway Cash Guarantee® Addendum along with your buyer’s offer to strengthen the deal — no need to add special language to the contract
•Your borrower now has a better chance of winning when multiple offers are on the table!
Note: If the seller opts to have Fairway purchase their home, Fairway will pay the appraised value or the contract price, whichever is lower
*Fairway Advantage pre-approval is based on a full review of the borrower’s creditworthiness and is contingent upon there being no material changes in the borrower’s financial condition or creditworthiness at the time of final loan approval. Final loan approval is subject to the following conditions: (1) borrower has identified a suitable property, and a valid appraisal supports the proposed loan amount; (2) a valid title insurance binder has been issued; and (3) borrower selects a mortgage program and locks in an interest rate that will support the pre-approved monthly payment amount. Loan must close before the expiration date provided in the pre-approval. Offer not available on USDA, brokered, bond, or DPA programs. Sale of home proceeds contingency not allowed. Please note that submitting verifying documentation is not a requirement to receive an estimate of closing costs associated with a mortgage loan.
Copyright © 2024 Ask My Loan Guy
All Rights Reserved. Copyright ©2023 Fairway Independent Mortgage Corporation. NMLS#2289. 4750 S. Biltmore Lane, Madison, WI 53718, 1-866-912-4800.
All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice.
All products are subject to credit and property approval. Other restrictions and limitations may apply. Equal Housing Opportunity
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