Charlotte Homebuyers: Get the Confidence to Close with Fairway’s Cash Guarantee

It’s tough out there for homebuyers in Charlotte. The housing market is still sizzling hot, even though nationwide mortgage rates are reversing their downward trend. And now, not only do you need to prepare an attractive offer, but you have to compete with cash buyers, too.

If you’re worried about competing with cash offers, Fairway Mortgage of the Carolinas has the perfect solution. The Fairway Cash Guarantee pairs perfectly with the Fairway Advantage Pre-Approval. Paired together, it creates an irresistible offer that gives you excellent leverage in today’s housing market. With your mortgage pre-approval and Fairway’s cash buying power, sellers get the security they need to move forward with the sale — and you get the home you’ve been dreaming of.

Fairway’s Cash Guarantee

Fairway’s Cash Guarantee helps ensure that yours is the most favorable offer on the table. You’ll be able to negotiate from a position of strength, with Fairway’s backing providing additional reassurance to the seller that the deal will close and the transaction will go through.

Not only that, but Fairway backs up its promise with a $10,000 guarantee. this sweetens the seller’s incentive to choose your offer – even over cash.

Better yet, there’s no additional fee for you to take advantage of this program, and we don’t increase your mortgage rates if you use it.

Program benefits

  • Eliminates uncertainty for buyer and seller
  • Seller receives cash guarantee
  • Buyer competes favorably with cash offers
  • Seller walks away with $10,000 if the deal falls through
  • Buyer pays no additional fees for this program

How the Fairway Cash Guarantee Works

There are just three important steps to taking advantage of Fairway’s Cash Guarantee program. Here’s how it works.

Get the Fairway Advantage Mortgage Pre-Approval

First, Fairway works with you to complete the Fairway Advantage Pre-Approval process. Our mortgage underwriters conditionally approve you for your mortgage before you make an offer, giving you (and the seller) confidence to close. Once your offer is submitted and accepted, we help you make sure all borrower conditions are cleared ahead of close.

Provide Seller with the Fairway Cash Guarantee

Once you’re pre-approved, Fairway is so confident the loan will close on time that we guarantee it to your seller. To seal the deal, Fairway promises to buy the home from the seller (in cash) if your home doesn’t close for finance reasons by the contracted date.

3. Fairway Sweetens the Deal with $10,000

If the guarantee is triggered but the seller chooses not to move forward with the sale to Fairway, we’ll provide $10,000 for their trouble. The contract will be terminated, and the seller can walk away with the $10,000.

It’s truly a win-win for everyone.

Program Requirements

Interested in exploring how you can offer sellers a cash guarantee when you choose Fairway for your home loan? Make sure you meet the requirements for the program, which include the following:

  • Purchase offer must be for a single-family home
  • You must have a Fairway Advantage Pre-Approval for your mortgage
  • Be sure you’re financing with an FHA, VA or conventional loan

Also note that if your seller takes advantage of our cash guarantee and chooses Fairway to purchase the home, Fairway will pay the appraised value of the home or the contract price (whichever is lower).

Get the Confidence to Close

In closing, if you’re shopping for a home in the Charlotte area, it’s time to stack the odds in your favor.

Reach out to one of our Charlotte home loan specialists to learn more about the Fairway Cash Guarantee! Obtain the buying power you need to compete with cash offers.


Fairway Cash Guarantee brochure

Copyright©2021 Fairway Independent Mortgage Corporation. NMLS#2289. 4750 S. Biltmore Lane, Madison, WI 53718,1-866-912-4800. All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify.Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply.Equal Housing Opportunity.

*Fairway Advantage pre-approval is based on a full review of the borrower’s creditworthiness and is contingent upon there being no material changes in the borrower’s financial condition or creditworthiness at the time of final loan approval. Final loan approval is subject to the following conditions: (1) borrower has identified a suitable property, and a valid appraisal supports this proposed loan amount; (2) A valid title insurance binder has been issued; and (3) borrower selects a mortgage program and locks in an interest rate that will support the pre-approved monthly payment amount. Loan must close before the expiration date provided in the pre-approval. Offer not available on USDA,Bond, or DPA programs. Sale of home proceeds contingency not allowed. Gifts not deposited are not allowed. Please note that submitting verifying documentation is not a requirement to receive an estimate of closing costs associated with a mortgage loan.