Call or Text Vito Today
(630) 327-8553
Call or Text Vito Today
(630) 327-8553
Call or Text Vito Today (630) 327-8553
Know exactly what you can afford before you start searching for a home.
Need financing options on a home or other real estate? Choosing a purchase loan product that matches your goals and making sure you get a favorable rate doesn’t have to be stressful!
We’re here to make the home loan process easier with tools and knowledge that will help guide you along the way, starting with a pre-approval letter request***.
We’ll help you clearly see the differences between loan programs, allowing you to choose the right one for you, whether you’re a first-time homebuyer or a repeat buyer.
The Home Purchase Loan Process
Here’s how our home purchase loan process works:
*The debt-to-income (DTI) ratio is monthly income debt/expenses divided by gross monthly income. **This advertisement does not constitute tax advice. Please consult a tax advisor regarding your specific situation. ***Pre-approval is based on a preliminary review of credit information provided to Fairway Independent Mortgage Corporation, which has not been reviewed by Underwriting. Final loan approval is subject to a full underwriting review of support documentation, including, but not limited to, applicants' creditworthiness, assets, and income information, as well as a satisfactory appraisal. ****VA loans are subject to individual VA Entitlement amounts and eligibility, qualifying factors such as income and credit standards, and property limits. Fairway is not affiliated with any government agencies. These materials are not from the VA, HUD, or FHA and were not approved by the VA, HUD, FHA, or any other government agency.
To determine if you qualify, lenders review your total monthly debt (proposed housing payment + regular monthly debt) as a percentage of your total gross monthly income. The acceptable percentage (DTI) will vary depending on the specific loan program for which you apply.
Fixed-Rate Mortgage
Adjustable-Rate Mortgage (ARM)
Conforming Loans
Jumbo & Super Jumbo Loans
FHA, VA****, & USDA Loans
Terms From 5 to 30 Years
Contact Me
Fairway Independent Mortgage Corporation
NMLS Entity ID #2289
Vito Roppo
Producing Branch Manager
NMLS #543270
261 N York Road, Suite 201
Elmhurst, IL 60126
Phone: (630) 327-8553
Complaints
This site is not authorized by the New York State Department of Financial Services. No mortgage solicitation activity or loan applications for properties located in the State of New York can be facilitated through this site.
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