Buying a home is a big decision. As a mortgage lending company, Fairway of the Carolinas understands why. Who wants to risk possibly forking out several thousand dollars in appraisal fees, moving expenses, etc., only to find out later that your home loan isn’t going to close? That would be a bummer and then some. Along with having to deal with the disappointment of not getting the home you wanted, you’d also be out of a significant sum of cash. That’s like being punched in the face — twice. But, thanks to Fairway’s all-new Certified Pre-Approval option, you don’t have to worry about this. 

Instead of being without some major money, we’ll give it back to you — in the highly unlikely event you don’t receive final loan approval. Now, suddenly, moving forward in the homebuying process doesn’t seem so risky, right? In the following section, find out how Fairway’s Certified Pre-Approval will help you make a stronger offer and one you can be confident in.

How it Works

First, be sure to provide Fairway of the Carolinas with any documents needed to certify your loan approval. These documents might include pay stubs, bank statements, a credit history and more. Once we have these, we’ll provide you with a Certified Pre-Approval. This means that barring something totally unimaginable, your loan WILL close. Now you can go house hunting and have a bounce in your step when you find the home you’ve always wanted. 

However, if your loan is not ultimately approved for some unforeseen reason, Fairway will reimburse you up to $7,500. This will cover up to $1,000 you’ve paid in home appraisal and inspection expenses. And up to $1,500 you’ve shelled out in short-term moving, relocating and/or storage expenses. And up to $5,000 in any forfeited earnest money expenses. “Earnest money” is any money you’ve put down before closing to show the seller you’re serious about a home purchase.

The Bottom Line

With Fairway’s Certified Pre-Approval in hand, you have an almost 100 percent chance of reaching the closing table. The Certified Pre-Approval carries that much weight and is just that reliable. However, if something goes terribly awry (very, very unlikely) and your formal loan application is denied, you don’t have to worry about losing money. In short: We have your back. Please contact us today with any questions you have about Fairway’s Certified Pre-Approval or any other aspect of the homebuying process. Our trusted mortgage advisers are here to answer your questions and pilot your loan. And we look forward to hearing from you soon!


*Up to $5,000 toward forfeited earnest money deposit funds, up to $1,500 total toward the reimbursement of lost moving and storage expenses, and/or up to $1,000 total toward the reimbursement of lost inspection and appraisal fees guaranteed to buyers if Fairway Branch 8550 doesn’t close your loan transaction. Guarantee starts with the completion of the application with Fairway and is only valid under the following conditions: the applicant must submit all documentation within 24 hours from the time it was requested; the applicant cannot change the loan product(s) and/or terms from those which were originally applied for; the borrower is not applying for VA, Bond, or Brokered Loan; the closing does not occur due to issues attributable to third parties such as a lack of certificate of occupancy, unresolved title issues, etc., or if the seller or purchaser backs out of the closing; the closing does not occur due to events outside the control of Fairway, including inclement weather, natural disaster, or other catastrophic event. Contact your Fairway loan officer to determine if you qualify. Guarantee subject to change without notice and is not valid with any other incentives or discounts. Loan must close on or before 12/31/2021. Promotion expires 12/31/2021. Final approval is subject to a full review of creditworthiness, underwriting approval based on program guidelines and, including but not limited to, a satisfactory appraisal. 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 credi