Differences Between Buying A Mobile Home Park Versus An RV Park

Table of Content

• Conclusion – What’s the Difference Between an RV and a Mobile Home?
• Differences Between Regular RVs and Modern Mobile Homes
• What Is The Difference Between An RV, A Park Model, A Mobile Home And A Modular Home?
• RV vs. Mobile Home: What’s the Difference?
• Are there any disadvantages of owning a mobile home over an RV?

Mobile homes also known as trailers are homes on wheels that prior to 1976 were mass-produced with little building regulation and control from the government. They mostly looked like modern day campers with an exposed trailer coupler and wheels that make the home easily movable. RVs also tend to be much less expensive than mobile homes. Because they are smaller and not built on a foundation, RVs cost less to manufacture and purchase. Mobile homes, on the other hand, can be quite pricey, especially if they are large or luxurious models.

Park Models – Park models are RVs that are semi-permanent, and are usually intended for seasonal or recreational use. They must meet ANSI 199.5 code requirements, cannot exceed 400 square feet, and have to be built on a permanent chassis. Lofts and porches do not count to the 400 square foot requirement, so they can be added for more versatility.

Conclusion – What’s the Difference Between an RV and a Mobile Home?

After a half a century of combined years in the real estate business, MHU.com is the only place that will give you the good, bad and the ugly details on Mobile Home Park Investing. “So we're going to be out on the street with no place to go. I've checked every RV park around here, they're all full because it's season,” he said. Wendy Wells, an advocate for the elderly, has been trying to get the attention of Florida Rural Legal Service as well as state officials to try and intervene on behalf of the residents. And these people are, I mean, they're not very nice to people in the park,” Potts said.

The term RV generally serves as an umbrella term for any motorized vehicle with a living space’s basic amenities. They include popup campers, fifth-wheel trailers, and other mobile homes. With a mobile home park, the manager will typically see the residents of each space only once per month when the rent is paid and anytime there is a problem.

Differences Between Regular RVs and Modern Mobile Homes

RVs are vehicles or camper trailers that are typically driven to different locations on a frequent basis for recreation. Mobile homes are housing structures that are towed to a site and kept at that site for the long term. In addition, many RV parks will have showers and restrooms that need to be cleaned several times during the day.

This is a difficult question to answer because there are so many variables. For example, used RVs and mobile homes can be found for anywhere from a few thousand dollars to tens of thousands of dollars. It really depends on the age, size, and condition of the unit. Newer, larger, and more luxurious RVs and mobile homes can cost upwards of $100,000 or more.

What Is The Difference Between An RV, A Park Model, A Mobile Home And A Modular Home?

They can be one or two stories in height, and do not require any kind of chassis. RVs – RVs can be either motorized or can be trailers pulled by other vehicles. They are road-legal and are built to be transported to various locations easily, without the need for any kind of permit from the government.

As technological advancements arise, so did regulations and standards for safety and quality in building mobile homes. So from 1976 onwards, mobile homes were required to be made according to new and higher quality standards. These are rigid side designs towed by either a pickup truck, minivan, or SUV. In previous years, big cars, such as GMC Suburbans and Ford Broncos, were used to tow travel trailers. If you are currently looking for a scaled-down new home or just looking at options between RVs and mobile homes, then you have come to the right place. A mobile home is a prefabricated structure built in a factory on a chassis and then towed to a site.

Most manufactured homes are built in two sections that are transported to the site on their own chassis and then joined together. Some manufactured homes are built in one piece and transported to the site as a whole unit. Plus, people with the same love for living in mobile homes will surely enjoy a community built with their best interests in mind.

A Class A motorhome is a bus that’s been converted into a home on wheels. These RVs are the largest and most luxurious on the market, and they come with a hefty price tag to match. If you’re looking for all the bells and whistles, a Class A motorhome is the way to go. Purchasing a manufactured home comes with unlimited choices when it comes to fixtures and design. The possibilities are endless, from granite countertops to contemporary and energy-saving fixtures.

RVs are built on a chassis and designed to be towed behind a vehicle, whereas mobile homes are built on a permanent foundation and cannot be moved once they are set up. Of course, there are some disadvantages to living in a planned community. For example, they can be more expensive than traditional mobile home parks. And because they’re designed for full-time residents, they may not be the best option if you’re looking for a place to park your RV for a few weeks. When most people think of mobile homes, they picture a run-down trailer park. There are many mobile home parks that are well-maintained and offer a variety of amenities.

This type of layout is perfect for families who want to spend time together. Another benefit is that they’re often located in beautiful settings. Many people choose to live in mobile homes so that they can enjoy the outdoors without having to deal with the hassle and expense of maintaining a traditional house. Another difference is that mobile homes must be connected to utilities like water and electricity, while most RVs have these utilities built in. This means that if you want to live in a mobile home full-time, you’ll need to find a spot where you can hook up to these utilities. RV stands for “recreational vehicle.” Mobile homes are a type of RV.

Park homes are a relatively new phenomenon and it is just starting to gain its popularity among other factory built homes. Modular homes are also built in factories, but are governed by local state building codes . Modular homes are either built on a permanent chassis or on a temporary one.

However, in an RV Park, the manager will not only maintain the common areas, but should check each space to make sure it is clean before renting. As before, these spots may have a different RV’er each day and so it is ongoing. This type is useful for camping, fishing, backwood travel, and hunting. A truck camper is a great vehicle for part-time use and not for those who wish to live in a motorhome while traveling.

RV vs. Mobile Home: What’s the Difference?

In 1976 regulations went into effect and the name ‘mobile’ was changed again. Another disadvantage is that you may not have as much space as you would in a traditional home. Mobile homes are typically smaller than houses, so if you have a large family or lots of belongings, it might not be the best option for you. Additionally, because they’re often located in mobile home parks, you might have to pay rent for the land your home is on.

Most mobile home owners have their own showers and toilets. With a Mobile Home Park, the manager will typically see the residents of each space only once per month when the rent is paid and anytime there is a problem. At the end of the day, a park model RV is much more like a home than a vehicle. They can offer a greater amount of space as well as larger appliances. So if you plan on staying in one spot for a few months, you might want to choose a park model as your living space.

Fairway Physician Home Loans Loan Expert Adviser

Table of Content

• Down payment required
• Fairway mortgage loan types
• Frequently Asked Questions about Physician Group at Fairway Independent Mortgage Corporation
• FHA

In addition to months with members earning more than property taxes, homeowners insurance and an annual fee must also be affordable. For a set period, an ARM has a fixed interest rate, after which the rate fluctuates periodically. Ratesfeed connects the key players in the world of finances. We facilitate the connection between financial specialists with individuals who need the services.

Fairway is one of a select few lenders that offer VA renovation loans. VA homeowners can borrow up to 100% of the improved value of the home plus an additional $35,000 to pay for minor upgrades. The U.S. Department of Agriculture backs zero down payment loans for consumers who meet the program’s income and rural location limits.

Down payment required

A down payment is not required for families with low-to-moderate incomes. A conventional loan requires a 5% down payment (3% for first-time buyers); jumbo loans, second homes, multifamily properties, and investment properties require higher costs. You should also compare other physician loan options to see if one of them better serves your needs. Carefully consider what works for you and make the choice most likely to work for your immediate and long-term needs. But if I wasn't familiar with it, it would have been a little overwhelming because I didn't receive a lot of direction on what to do and how to do it.

Even though you might qualify for a loan amount of up to $2 million with Fairway Independent Mortgage Co., it doesn’t mean that it’s the right choice for you. Before moving forward with one of these mortgage loans, consider the drawbacks. Here’s what physician home buyers need to know before committing.

Fairway mortgage loan types

View statements and securely pay your medical bills online. Although medical school debt can result in a lack of income early on, doctors are more likely. Fairway is a direct lender, and it isn't owned by a bank or another company. Steve Jacobson founded Fairway in 1996 and still acts as the CEO.

It’s just a matter of finding the right loan type based on your credit, down payment, location, and financing goals. Overall, these reviews make it a top company for service out of the major mortgage lenders. After you submit your information, a Fairway loan officer will contact you via phone or email to discuss your needs. Third-party consumer rating agencies (like J.D. Power) rank Fairway highly for customer service, and it has a wide range of loan options.

Frequently Asked Questions about Physician Group at Fairway Independent Mortgage Corporation

I was calling her all the time, asking her a million questions and she answered every question. They gave you an allotted amount of time to submit certain documents. And if I didn't have those documents right away because I was waiting for my boss or whoever to send something else in, they were very patient. It was a very smooth and understanding process instead of them just looking at you like you're a number. Its location on this page may change next time you visit.

Only some medical degrees are eligible for this physician loan. Nurses can’t get this type of home mortgage from Fairway. Our table shows average rates and loan costs from 2021, the most recent data available at the time of writing. Your own rate will likely be higher because mortgage rates have increased since then. Our #1 priority is that our readers make great financial decisions. That's something we don't compromise on even if we make less money because of it.

FHA

However, you should note that the lower term option will require higher monthly payments so that you can build equity more quickly. Fairway Independent Mortgage streamlines the mortgage lending process by offering borrowers a comprehensive selection of loan products and customer service options. This is one of the most common questions we receive, regardless of loan type. However, these program guidelines change often, so what’s best is to have a conversation with your Fairway mortgage advisor so that we can determine what the best option is for you. Doctors just getting their career started while saddled with large student loans may be able to take out a Fairway physician loan with extra qualifying flexibility.

They provided feedback and insight into the numbers behind the interest rate... Understanding how to apply for an FHA loan will get you that much closer to qualifying for a low down payment mortgage. We would much rather keep all your home loan options open and guide you to make the right decision, rather than push you into a loan product just because it matches your job title. Medical professionals have a unique set of challenges on their journey to homeownership. FairwayNEXT provides convenient ways to obtain valuable information about your mortgage loan, such as where to make your first payment as well as who your current servicer is.

Average mortgage rates at major lenders

Insider's experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Morty was the rep who started my home-buying process but sometimes his secretary takes a long time to get back to me with information. I asked her if he could improve on that a little bit. It's a little longer than I would like it to be but we'll work through that when the time comes.

Fairway Independent Mortgage Corporation physician mortgage loan products are available nationwide except Rhode Island and Pennsylvania. It is necessary to sign several final documents during the closing. Don’t forget to bring a photo ID and the payment for the down payment, closing costs, prepaid interest, taxes, insurance, and any additional fees. We will hand over the keys to you after all closing documents and funds have been disbursed.

Fairway Independent Mortgage Physician Loan

Table of Content

• Fairway Independent Transparency
• Fairway Independent Application Process
• Fairway Mortgage Physician Loan Review - Student Loan Planner
• Specialty Loans With Fairway Mortgage

If your fixed-rate mortgage interest rate is too high, if your income will increase in the future, or if you plan to remain in the home for just a few years, an adjustable-rate mortgage could make sense. Fees and rates vary depending on the type of loan and the borrower’s qualifications. Even though you might qualify for a loan amount of up to $2 million with Fairway, it doesn’t mean that it’s the right choice for you. A small down payment, plus a large mortgage, can lead to regular payments that might strain your budget. Fairway lets you apply with alternative credit data if you don't have a good credit score.

A typical physician loan makes allowances for medical school debt and the chronology of a medical career. Some medical professional loan programs are Conventional loan products, yes. These are specific home loan programs that allow for the consideration of future income and for Fairway to calculate your DTI a little differently in relation to your student loans when you apply.

Fairway Independent Transparency

Fairway offers a variety of loans, from conventional fixed-rate loans to ARMs, FHA, USDA, VA, home renovation loans, and reverse mortgages. You might also need other documentation, so ask your loan officer for the needed information. You might need additional documentation when you have your own practice. A physician loan is a mortgage for medical doctors that doesn’t require private mortgage insurance, or PMI, even with a small or no down payment. This could potentially save a borrower hundreds of dollars off a monthly mortgage payment.

However, you should note that the lower term option will require higher monthly payments so that you can build equity more quickly. Fairway Independent Mortgage streamlines the mortgage lending process by offering borrowers a comprehensive selection of loan products and customer service options. This is one of the most common questions we receive, regardless of loan type. However, these program guidelines change often, so what’s best is to have a conversation with your Fairway mortgage advisor so that we can determine what the best option is for you. Doctors just getting their career started while saddled with large student loans may be able to take out a Fairway physician loan with extra qualifying flexibility.

Fairway Independent Application Process

To begin the qualification process for the Student Loan Planner® sign on bonus, customers must apply from the link provided on If you decide to apply for a physician loan through Fairway Independent Mortgage Co., there are some steps you need to follow. If you’re in medical residency, your future employment options and pay are a bit uncertain, which could make your home mortgage unaffordable. Fairway has over 400 branches, with at least one in 48 states plus Washington DC. Only Alaska and West Virginia do not have a Fairway Mortgage branch. This means you have a better chance of meeting a loan officer in person than with many other lenders, who might have fewer branches in fewer states.

I would find a discrepancy on the form but I wouldn't necessarily get the new application with the correction. I would just be told, "It will be fixed on your closing document." I never wanted to feel as if I was misleading on any applications concerning anything, especially a mortgage application. So when someone is going through this process, they should make sure that they're matched up with a loan officer that is able to really cater to their needs and what they need as a consumer. This is a really long, stressful, complicated process and you have to have someone that you feel is on your team. Start with Fairway by filling out a form online, using the FairwayNow app, calling or visiting a branch. You then work with a loan officer to go over your mortgage goals and submit an application for preapproval.

Fairway Mortgage Physician Loan Review - Student Loan Planner

A down payment is not required for families with low-to-moderate incomes. A conventional loan requires a 5% down payment (3% for first-time buyers); jumbo loans, second homes, multifamily properties, and investment properties require higher costs. You should also compare other physician loan options to see if one of them better serves your needs. Carefully consider what works for you and make the choice most likely to work for your immediate and long-term needs. But if I wasn't familiar with it, it would have been a little overwhelming because I didn't receive a lot of direction on what to do and how to do it.

Yes, Fairway Independent Mortgage Corp. is a legitimate mortgage lender. The company has been in business since 1996 and is authorized at the time of publishing to do business in all 50 states and Washington, D.C., according to NMLS. A Fairway loan officer can help you determine whether you meet the qualifications for a mortgage and how much home you can afford. You can apply for a loan with Fairway Independent Mortgage Corp. in person, online or by phone.

About Fairway Independent Mortgage Review

A digital closing process lets buyers and sellers preview and approve documents electronically before settlement to save time at the final closing. This may influence which products we review and write about , but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services. Prescriptions and refills will be handled at scheduled office visits and enough medicine will be prescribed to last at least until the patient’s next appointment.

One company offering this type of loan is Fairway Independent Mortgage Corporation. Let’s take a look at some of the Fairway mortgage requirements for a physician loan so you can decide if it’s right for you. After finishing your medical degree, there’s a good chance you’ll have a lot of student loans — making it difficult to qualify for a conventional mortgage. However, there are some lenders that offer access to special home loan financing for doctors.

Keep in mind that you’ll also need to save up for closing costs and other potential fees. When considering a physician loan from Fairway Independent Mortgage Co., there are a few advantages to borrowers who use this program. To decide whether Fairway Independent Mortgage is best for you, check rates and terms from a few different lenders and weigh your options carefully. Lastly, borrowers who want to tap their equity without refinancing will have to go elsewhere. Fairway does not offer a home equity loan or a home equity line of credit .

Those looking for more details before they submit a loan application and those who want to apply online may want to consider using a lender like Better. Through Better, you can get pre-approved for a loan in as little as three minutes, and you can complete every step of the mortgage process online. However, you can reach customer service in several ways, including by phone, email, or by visiting a local branch.

Fairway Independent Mortgage Review 2022

Table of Content

• How many banks would you like quotes from?
• Additional Loan Products
• American Financial Network

A down payment is not required for families with low-to-moderate incomes. A conventional loan requires a 5% down payment (3% for first-time buyers); jumbo loans, second homes, multifamily properties, and investment properties require higher costs. You should also compare other physician loan options to see if one of them better serves your needs. Carefully consider what works for you and make the choice most likely to work for your immediate and long-term needs. But if I wasn't familiar with it, it would have been a little overwhelming because I didn't receive a lot of direction on what to do and how to do it.

Fairway Independent Mortgage Corporation physician mortgage loan products are available nationwide except Rhode Island and Pennsylvania. It is necessary to sign several final documents during the closing. Don’t forget to bring a photo ID and the payment for the down payment, closing costs, prepaid interest, taxes, insurance, and any additional fees. We will hand over the keys to you after all closing documents and funds have been disbursed.

How many banks would you like quotes from?

In some cases, physicians may be able to close on their home loan up to 90 days before the first day of residency with proof of a signed employment offer. You will receive a $1,250 bonus if you refinance $150,000 or more, or a $100 to $400 bonus if you refinance an amount from $20,000 to $149,999.99, depending on the amount refinanced. For the $1,250 Welcome Bonus offer, $500 will be paid directly by Student Loan Planner® via Giftly.

The maximum rate for your loan is 8.95% if your loan term is 10 years or less. For loan terms of more than 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95%. Please note, we are not able to offer variable rate loans in AK, IL, MN, NH, OH, TN, and TX.

Additional Loan Products

The standard program allows for bigger projects like adding square footage. The VA cash-out refinance allows you to take out a mortgage for more than you owe and pocket the difference in cash. This content is not provided or commissioned by any financial institution.

Fairway could be a good option if you have a poor credit score, or none at all. Most lenders pull your credit score when you apply for a mortgage. But Fairway lets you show alternative credit data, such as proof that you pay bills on time, on some of its mortgages. Fairway and Rocket Mortgage both offer more term length options than many lenders. You'll want Fairway for a USDA mortgage, reverse mortgage, or renovation loan, though, because Rocket Mortgage doesn't offer these loans. Fairway Independent Mortgage Corp. offers a variety of home loan options.

American Financial Network

Loan or savings calculators are offered for your own use and the results are based on the information you provide. The results of this calculator are only intended as an illustration and are not guaranteed to be accurate. Splash Financial loans are available through arrangements with lending partners. Your loan application will be submitted to the lending partner and be evaluated at their sole discretion. For loans where a credit union is the lender or a purchaser of the loan, in order to refinance your loans, you will need to become a credit union member. The Splash Student Loan Refinance Program is not offered or endorsed by any college or university.

Select a preferred time range that is most convenient for us to call you and schedule your appointment. Enter your first name, phone number, zip code, and insurance below. Get directions, reviews and information for Physician Group at Fairway Independent Mortgage Corporation in Salt Lake City, UT.

Down payment required

You can refinance into a fixed-rate or adjustable-rate mortgage, or do a cash-out refinance. You may also streamline refinance your FHA or VA mortgage, but Fairway doesn't offer USDA streamline refinances. Are you a doctor looking for information about mortgage loans for your profession? Read on to learn more about getting a physician loan.

My loan officer was dealing with her son who had kidney failure. But unfortunately, there was not any time when she initiated a call to me and said she would send me documents to sign or schedule a time so we could go over them. I happened to realize that I was calling her on her cellphone and not her office phone. When you apply for a mortgage with Fairway, you will receive a Loan Estimate form that includes the costs and fees of your loan, including closing costs.

Lenders receive a half-point on the “offers standard mortgage products” criterion if they offer only two of the three standard loan programs . In some cases, additional information was provided by a lender representative. Our lowest APR is only available to customers with the best credit and other factors. It will be based on your credit history, which repayment option you choose and other factors, including your cosigner’s credit history . Learn more about Discover Student Loans interest rates at DiscoverStudentLoans.com/Rates.

Fairway Independent Mortgage Corporation—more commonly known as just Fairway—is a national mortgage lender. For borrowers who want personalized assistance, Fairway could be a good choice over other companies. It offers in-person help with every step of the process, or you can work with a home loan advisor over the phone.

It is very important to do your own analysis before making any investment based on your own personal circumstances and consult with your own investment, financial, tax and legal advisers. I was not trying to call her cell at all hours of the night. But I work throughout the day and sometimes I don't think of questions until in the evening. So I would call her, thinking that I was gonna get her voicemail. But then she would answer the phone and it would always feel like a rushed conversation. It was like she wasn't letting me get my questions out.

Keep in mind that you’ll also need to save up for closing costs and other potential fees. When considering a physician loan from Fairway Independent Mortgage Co., there are a few advantages to borrowers who use this program. To decide whether Fairway Independent Mortgage is best for you, check rates and terms from a few different lenders and weigh your options carefully. Lastly, borrowers who want to tap their equity without refinancing will have to go elsewhere. Fairway does not offer a home equity loan or a home equity line of credit .

Common Questions About Medical Professional Loans …

One company offering this type of loan is Fairway Independent Mortgage Corporation. Let’s take a look at some of the Fairway mortgage requirements for a physician loan so you can decide if it’s right for you. After finishing your medical degree, there’s a good chance you’ll have a lot of student loans — making it difficult to qualify for a conventional mortgage. However, there are some lenders that offer access to special home loan financing for doctors.

Fairway Independent Mortgage Corporation Review 2022

Table of Content

• Accessibility Options
• Land Loans In North Carolina
• Fairway Independent Mortgage Physician Loan
• Fairway Independent Mortgage Corporation Reviews
• Lender and Bonus disclosure

Advertised variable rates reflect the starting range of rates and may vary outside of that range over the life of the loan. Advertised APRs assume a $10,000 loan to a borrower who attends school for 4 years and has no prior Sallie Mae loans. The borrower or cosigner must enroll in auto debit through Sallie Mae to receive a 0.25 percentage point interest rate reduction benefit. This benefit applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month. It may be suspended during forbearance or deferment, if available for the loan. The interest rate ranges represent the lowest and highest interest rates offered on Discover student loans, including Undergraduate, Graduate, Health Professions, Law and MBA Loans.

You can refinance into a fixed-rate or adjustable-rate mortgage, or do a cash-out refinance. You may also streamline refinance your FHA or VA mortgage, but Fairway doesn't offer USDA streamline refinances. Are you a doctor looking for information about mortgage loans for your profession? Read on to learn more about getting a physician loan.

Accessibility Options

Fairway offers a variety of loans, from conventional fixed-rate loans to ARMs, FHA, USDA, VA, home renovation loans, and reverse mortgages. You might also need other documentation, so ask your loan officer for the needed information. You might need additional documentation when you have your own practice. A physician loan is a mortgage for medical doctors that doesn’t require private mortgage insurance, or PMI, even with a small or no down payment. This could potentially save a borrower hundreds of dollars off a monthly mortgage payment.

Information pulled from public Home Mortgage Disclosure Act data. Rates reflect noncommercial home purchase loans only. The “Get Started” and “Get Pre-Approved Now” buttons on the website allows users to fill out basic information and contact information for a callback.

Land Loans In North Carolina

You can apply in just 15 minutes and need nothing on-hand to get started. The VA home loan is a 0% down mortgage for eligible members of the military community. The rules for refinancing your home loan are the same, regardless of loan type. Typically, you must wait at least six months before refinancing your home loan. The FHA 203 loan is restricted to primary residences with the loan limits set by the FHA. The limited program is for smaller projects with a price tag of $35,000 or less.

Fairway operates approximately 700 branch locations in the U.S. We’ll find you a highly rated lender in just a few minutes. Many or all of the products featured here are from our partners who compensate us.

Fairway Independent Mortgage Physician Loan

These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy.

Not all applicants will qualify for the lowest rate. Lowest rates are reserved for the most creditworthy applicants and will depend on credit score, loan term, and other factors. Lowest rates may require an autopay discount of 0.25%. While Fairway mortgage rates seem high, it’s worth noting that this lender helps more people with lower credit scores than many other mortgage lenders. Offers a robust suite of loan products, including ITIN loans for borrowers without Social Security numbers, renovation loans, government-backed mortgages and loans for self-employed borrowers.

These include financial advising, tax planning, and etc. She has written about personal finance for over six years. Before joining the Insider team, she was a freelance finance writer for companies like SoFi and The Penny Hoarder, as well as an editor at FluentU. You have the option to close on your loan digitally with Fairway. I've recommended two people to her and I wouldn't do that unless I knew that they were in good hands.

The interest rate reduction for Auto Pay will be available only while your loan is enrolled in Auto Pay. Interest rate incentives for utilizing Auto Pay may not be combined with certain private student loan repayment programs that also offer an interest rate reduction. For multi-party loans, only one party may enroll in Auto Pay. Let’s take a look at some of Fairway Independent Mortgage Co.’s requirements for a physician loan so you can decide if it’s right for you. However, there are some lenders that offer access to special home loanfinancing for doctors.

Physician Loan Mortgage

Fairway has a user-friendly website that lists the types of mortgages it offers and who might be a good match for each loan product. In addition to mortgage calculators and resources for buying a home, the site contains guides that explain loan types and mortgage terms. Additionally, you can get information on how to take care of your home after closing. Small towns, suburbs, and suburbs outside metropolitan areas can apply for USDA home loans at affordable interest rates.

Only some medical degrees are eligible for this physician loan. Nurses can’t get this type of home mortgage from Fairway. Our table shows average rates and loan costs from 2021, the most recent data available at the time of writing. Your own rate will likely be higher because mortgage rates have increased since then. Our #1 priority is that our readers make great financial decisions. That's something we don't compromise on even if we make less money because of it.

Fairway Independent Mortgage Corporation Reviews

Those looking for more details before they submit a loan application and those who want to apply online may want to consider using a lender like Better. Through Better, you can get pre-approved for a loan in as little as three minutes, and you can complete every step of the mortgage process online. However, you can reach customer service in several ways, including by phone, email, or by visiting a local branch.

You can also use the FairwayNow app to submit your information and track your loan status. Shopping for a mortgage can be a hassle—save some time by starting with our list of the best mortgage lenders available today. Whether a borrower wants a jumbo loan for their dream house or an FHA loan to buy a house with a small down payment, Fairway has options available.

Fairway receives a customer rating of 4.95 out of 5 on Zillow, as of the date of publication. The score reflects more than 32,000 customer reviews. Fairway Family Physicians welcomes you to our practice. We are a group of board certified physicians who specialize in preventive medicine and disease management for your entire family. We are proud to be a part of Central Ohio Primary Care , one of the largest physician-owned primary care medical groups in the United States.