
Funding Date vs Closing Date: When Do I Get the Keys to My House?
Understanding the difference between your funding date vs closing date can keep your home purchase on track.
From buying your first home to refinancing your current one, Fairway offers mortgage options designed to support different goals and stages of homeownership.
Whether you’re exploring your options, already have a loan with Fairway, or need help finding the right place to go, connect with a loan officer to point you in the right direction.
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Generally, FHA financing is intended for owner-occupied primary residences, and borrowers are typically limited to one FHA-insured mortgage at a time. Certain exceptions may apply based on factors such as relocation, family size, or other qualifying circumstances.
The answer depends on your loan terms and how much equity you've built in your home. Depending on your situation, FHA mortgage insurance may eventually end, while some homeowners choose to refinance to remove it sooner.
It depends on your income, debts, credit and where you're buying, since FHA loan limits vary by county. Our affordability calculator gives you a starting point, and your loan officer can give you a firm number.
Less than many conventional loans ask for. The exact amount depends on your credit and the home you choose, and all of it can come from gift money. Your loan officer can give you your number before you apply.
It's an FHA loan that rolls the cost of repairs or renovations into your mortgage, at purchase or when you refinance. Fairway offers a Limited 203(k) for smaller, non-structural projects and a Standard 203(k) for larger or structural work.
Apply today or connect with a local Fairway loan officer who can help you understand your options, your numbers, and what comes next.