I am excited to announce that Fairway Independent Mortgage Corporation has been ranked #3 in FHA loan volume for the year 2019 by Scotsman Guide.
An FHA insured loan is a loan backed by U.S. Federal Housing Administration mortgage insurance. FHA loans usually have somewhat flexible underwriting standards, which give borrowers with high credit scores, high income, or ample cash savings the opportunity to purchase a home. FHA loan borrowers must pay FHA mortgage insurance, which protects the lender from a loss if the borrower defaults on the loan.
If you or someone you know is interested in purchasing or refinancing a home, call me today to set up an appointment so I can answer any questions you have.
To learn more about Scotsman Guide, click here.