Your Local Mortgage Lender in Lancaster County

Lenders that work with you and ensure you get the best rates used to be a way of life. At Fairway Independent Mortgage, it still is.

We Take the Lead

Our team of experienced and skilled professionals will guide you through the entire process— from initial consultation to closing—making sure during each phase that you have a clear understanding of your options and are confident in your decision. We strive to break the mortgage process down for our clients, ensuring that you feel informed and empowered at every turn. 

A mortgage is a big decision. Your home financing should be handled by a mortgage lender who recognizes the whole picture and creates your Mortgage Analysis Plan built around your goals. What’s the difference between a Mortgage Broker and a Mortgage Banker, you may ask? 

A Mortgage Banker like us at Fairway is able to originate, process, underwrite, fund your loan, and control the process from start to finish with no middleman—closing your loan on time and without hassles. 

Local Lenders that Understand What You Need

There may be other home lenders in Lancaster County, but we differentiate ourselves with extensive experience—both individually and as a whole—and superior customer service. Our team brings together decades of industry knowledge, each member contributing a wealth of experience. 

This collective wisdom allows us to give our clients advice and solutions that are not only tailored to their immediate homeownership aspirations but also beneficial in the broader context of their financial health.

We put a slew of home loans at your disposal so all of our clients find the one that’s best suited to their situation. Whether you're navigating the waters of homeownership for the first time or upgrading to a larger space, our knowledgeable team will pair you with a loan that aligns with your financial and lifestyle goals. 

Our comprehensive selection guarantees that we have the right loan for you, making your path to homeownership smooth and fulfilling.

The most common kind of loan, conventional mortgages, aren’t backed by a government agency. Instead, they’re backed by private lenders such as banks and credit unions. Conventional mortgages appeal to a broad demographic of buyers, thanks in part to their flexibility in terms and conditions, including various down payment options and the choice between fixed rate and adjustable interest rates.

VA loans are loans guaranteed by the Veterans Administration for eligible active military members and veterans. They don’t require any down payment or Private Mortgage Insurance (PMI). These beneficial terms are part of the VA's commitment to facilitate homeownership for those who have served their country.

FHA Loans

A big advantage to FHA loans is that they’re more lenient than conventional loans, offering generally lower down payments. It’s also easier to qualify for these loans if you have a less-than-ideal credit score and a higher debt-to-income ratio.

USDA Loans

USDA loans were created by the U.S. Department of Agriculture and are meant for low to moderate-income homebuyers who live in rural areas. No PMI is required for these kinds of loans, and interest rates are often lower. Plus, the credit requirements tend to be less stringent than conventional loans.

Refinancing Loans

Refinancing your mortgage is a great way to access equity in your home that you can then cash out and use for other expenses like home improvement projects or that dream vacation. Additionally, you can eliminate PMI if you go this route.

Reverse Mortgage Loans

If you’re 62 years or older, a reverse mortgage could be a wise decision, letting you stay in your home and access equity in the home. Also, the IRS doesn’t classify the money you receive from a reverse mortgage as income but instead as loan advances, so there’s no tax.

PHFA Loans

For those eligible, the Pennsylvania Housing Finance Agency (PHFA) assists low to moderate-income families and older adults with their home loans, working with a network of lenders and brokers. You can also enjoy competitive interest rates if you opt for this type of loan. 

Government-sponsored entities like Freddie Mac and Fannie Mae can’t secure jumbo loans. These loans are ideal if you need something more than conforming loan limits for things like a luxury property or a home in a competitive market.