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.
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Everything you need to know
Documents, requirements, loan options, and timelines, all in one place. Open any section below, or skip ahead and start your application whenever you're ready.
It may be helpful to compare both standard and bank statement loan options. Your Fairway loan officer can review how you earn income, evaluate your financial profile and help identify the financing option that may best fit your needs.
Yes. Bank statement loans are generally categorized as non-qualified mortgages, or non-QM loans.
Not necessarily. Some bank statement loan programs may allow eligible borrowers to qualify without using tax returns to document income. Other documentation may still be required, depending on the program and your financial situation.
Credit requirements vary by loan program and may also depend on factors such as the property, down payment, available reserves, and your overall financial profile.
A standard mortgage typically verifies income using documents such as pay stubs, W-2s, and tax returns. A bank statement loan may use eligible deposits shown on your personal or business bank statements to help calculate qualifying income.
Mortgage options for every stage of homeownership
From buying your first home to refinancing your current one, Fairway offers mortgage options designed to support different goals and stages of homeownership.
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Knowing how to make a cash offer on a house could be the difference between winning a bid and starting over. Here are your options.
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.
What Happens After You Make an Offer on a House? 7 Steps Before You Get to Closing
7 things that happen after you make an offer to buy a home, in the order they happen.
How To Make a Cash Offer on a House — Even When You Don't Have Cash
Knowing how to make a cash offer on a house could be the difference between winning a bid and starting over. Here are your options.
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.
What Happens After You Make an Offer on a House? 7 Steps Before You Get to Closing
7 things that happen after you make an offer to buy a home, in the order they happen.
How To Make a Cash Offer on a House — Even When You Don't Have Cash
Knowing how to make a cash offer on a house could be the difference between winning a bid and starting over. Here are your options.
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.
What Happens After You Make an Offer on a House? 7 Steps Before You Get to Closing
7 things that happen after you make an offer to buy a home, in the order they happen.
How To Make a Cash Offer on a House — Even When You Don't Have Cash
Knowing how to make a cash offer on a house could be the difference between winning a bid and starting over. Here are your options.
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.
What Happens After You Make an Offer on a House? 7 Steps Before You Get to Closing
7 things that happen after you make an offer to buy a home, in the order they happen.
How To Make a Cash Offer on a House — Even When You Don't Have Cash
Knowing how to make a cash offer on a house could be the difference between winning a bid and starting over. Here are your options.
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.
What Happens After You Make an Offer on a House? 7 Steps Before You Get to Closing
7 things that happen after you make an offer to buy a home, in the order they happen.
How To Make a Cash Offer on a House — Even When You Don't Have Cash
Knowing how to make a cash offer on a house could be the difference between winning a bid and starting over. Here are your options.
Ready to start your mortgage journey?
Apply today or connect with a local Fairway loan officer who can help you understand your options, your numbers, and what comes next.