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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benefit applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month.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.
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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
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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.
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.
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.
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