Fairway Independent Mortgage Corporation has released a new program designed to give homebuyers an edge during the loan process. The “3, 2, 1, Go!” program provides homebuyers with an underwriter’s approval before they make an offer on a home. This approval will increase the homebuyer’s credibility and allow them to move closer to closing.
The “3, 2, 1, Go!” program begins by a homebuyer going through the underwriting process and receiving full credit approval subject to certain conditions. The buyer may then begin searching for their dream home, knowing they will have an edge on other buyers who have not been previously approved by underwriting. Once the buyer selects a home, they will go under contract and the home will be appraised. The buyer then is clear to close.
As a buyer progresses through the home loan process, the underwriting step usually takes place after they have already chosen a property. With the “3, 2, 1, Go!” program, the underwriting step takes place before the home search process begins, allowing the buyer to proactively complete this step and make their offer more appealing to sellers.
To learn about program conditions and more information on the “3, 2, 1, Go!” program, contact me today. I would love to help you with your home financing needs.