Fairway is proud to offer The 5 Star Texas Advantage Program which provides down payment and closing cost assistance to eligible home buyers in the form of a Grant up to 6% of the total loan amount of their home.
* No First Time Home Buyer Requirement
* Purchase Price limit not to exceed $484,350.00.
* 620 minimum credit score
* Debt-to-income up to 55%
* Mortgage for the purchase of an Owner occupied, Primary Residences in Texas
* Excludes Travis County and the cities of El Paso and Grand Prairie
* For the assistance provided there is no recapture period or repayment
Pathway to Purchase Down Payment Assistnace Program is Back!
* 10% down payment assistance up to $20,000
* $15M commitment available on a first come first serve
* Mortgage for the purchase of an Owner occupied, Primary Residences in targeted areas.
* Borrower(s) Income not to exceed $92,984.00.
* Purchase Price limit not to exceed $371,936.00.
* Existing, previously occupied properties only, new construction, including spec homes are not allowed.
* Borrower (s) cannot own other property
* 640 minimum credit score
Simply complete the registration form above. Provide some basic information about your home purchase needs. This helps us start your home buyer file and prep for your pre-approval phone call (step 2).
We are here to help you accomplish your home buying goals. After we review your registration info, a team member will call you to finalize your pre-qualification over the phone. We typically follow up within 30 minutes between the hours of 8am-8pm. The pre-approval phone conversation will include:
* A review of your income documentation
* A review of your desired estimated monthly housing payment
* Your purchase price range and finance options
* A review of your credit report
Once pre-qualified, you will know exactly how much your home’s purchase price can be up to and the amount of down payment assistance funding you can get. You will receive a pre-qualification certificate to give to your Realtor who will then provide a list of homes matching your search criteria. Need a Realtor? We have access to an extensive network of local Realtors we can introduce you to for free!