Fairway Independent Mortgage Corporation
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    Your Path to Homeownership

    Buy a Home in Texas with Confidence

    From pre-approval to closing, get professional guidance and great loan options tailored to you.

    Low Down Payment Options
    First-Time Buyer Programs
    Fast Pre-Approvals*

    Find Out What Home Loan You Qualify For

    Answer a few quick questions to see your personalized options.

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    Are you a first-time home buyer?

    Your Home Loan Options

    We offer a wide variety of loan programs to fit every buyer's unique financial situation.

    Conventional Loans

    The most common loan type with competitive rates and flexible terms.

    Well Suited For:Buyers with good credit and at least 3% down.
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    FHA Loans

    Government-backed loans with lower credit score requirements.

    Well Suited For:First-time buyers with lower credit or smaller down payments (3.5%).
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    VA Loans*

    Exclusive loans for veterans and active military with no down payment.

    Well Suited For:Eligible service members looking for 0% down* financing.
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    USDA Loans*

    Zero-down* financing for homes in designated rural and suburban areas.

    Well Suited For:Buyers looking for properties outside major cities.
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    Jumbo Loans

    Financing for luxury properties that exceed conforming loan limits.

    Well Suited For:High-end home buyers needing larger loan amounts.
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    1x Close Construction

    Build your custom dream home with a single closing.

    Well Suited For:Buyers looking to purchase land and build, or build on land they already own.
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    Special Programs Available

    First-Time Home Buyer? You May Qualify for Special Programs

    Don't let a down payment stop you from owning a home. Texas offers numerous state and local grants, down payment assistance (DPA) programs, and tax credits for first-time buyers.

    • Down payment assistance up to 5% of loan amount
    • Lower credit score requirements
    • Reduced mortgage insurance costs

    How Much Home Can You Afford?

    Use our calculator to estimate your monthly payments and find your comfortable price range.

    Mortgage Calculator

    Estimate your monthly payments

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    years
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    Estimated Monthly Payment*

    $550
    Principal & Interest
    $0
    Property Taxes*
    $400
    Home Insurance
    $150

    *Hypothetical monthly mortgage payments reflect hypothetical principal & interest amounts rounded-sm to the nearest dollar amount and do not include estimated insurance, taxes, or other possible fees. These figures and rates are for educational purposes only and do not reflect an official mortgage loan offer.

    How to Buy a Home in 5 Simple Steps

    We guide you through the entire process so you know exactly what to expect.

    1

    Get Pre-Approved*

    Before looking at homes, we'll review your finances and issue a pre-approval* letter so you know your exact budget.

    2

    Find Your Home

    Work with a real estate agent to tour homes that fit your pre-approved budget and lifestyle needs.

    3

    Make an Offer

    Once you find 'the one,' your agent will help you negotiate and submit a competitive offer to the seller.

    4

    Loan Processing & Underwriting

    We finalize your loan details, order the appraisal, and our underwriters verify everything for final approval.

    5

    Close & Get Your Keys

    Sign the final paperwork at the title company, pay your closing costs, and officially become a homeowner!

    What You Need to Know Before Buying

    Demystifying the mortgage process with clear, simple facts.

    Down Payment Basics

    You don't need 20% down to buy a home. Many programs allow 3% to 5% down, and some like VA and USDA allow 0% down. A larger down payment lowers your monthly payment and can eliminate mortgage insurance (PMI).

    Credit Score Impact

    Your credit score directly impacts your interest rate. Higher scores generally secure lower rates. While conventional loans prefer 620+, FHA loans can accept scores down to 580. We can help you understand where you stand.

    Interest Rates Explained

    Rates fluctuate daily based on the market. You can choose a fixed-rate mortgage (rate stays the same for 15-30 years) or an adjustable-rate mortgage (rate changes after an initial fixed period). We'll help you lock in at the right time.

    Closing Costs

    In addition to your down payment, expect to pay 2% to 5% of the loan amount in closing costs (appraisal, title fees, taxes, etc.). Sometimes sellers can be negotiated to pay a portion of these costs.

    Is It Better to Rent or Buy?

    Understanding the long-term financial impact of homeownership.

    RRenting

    • Monthly payments build your landlord's wealth, not yours.
    • Rent can increase every year based on market conditions.
    • No tax benefits or deductions for rental payments.
    • Limited freedom to customize or upgrade the property.

    BBuying

    • Build equity and long-term personal wealth with every payment.
    • Lock in a fixed monthly payment that won't increase with inflation.
    • Potential tax deductions on mortgage interest and property taxes.
    • Complete freedom to renovate, decorate, and make it your own.

    Interactive Home Buying Calculators

    Make informed decisions with our easy-to-use tools.

    Rent vs. Buy Calculator

    Total Rent Paid

    $127,419

    Over 5 years

    Est. Home Equity Gained

    $75,829

    Over 5 years

    Buying looks like a smart financial move over this timeframe!

    *These figures are for educational purposes only and do not reflect an official mortgage loan offer.

    Buying a Home in Texas

    Whether you're looking in Austin, Dallas, Houston, Temple, or anywhere in between, Texas offers a diverse and growing real estate market. Working with a local Texas mortgage professional ensures you get advice tailored to local property taxes, specific state grants, and regional market trends.

    Austin
    Dallas
    Houston
    San Antonio
    Temple
    Fort Worth

    Frequently Asked Questions

    Answers to common questions about buying a home in Texas.

    Ready to Buy Your Home?

    Start today and get pre-approved* in as little as 24 hours. Let's make your Texas homeownership dream a reality.