fairway mortgage: ***For Mississippi - Desoto County Best of 2013 - 02/26/14 05:55 AM

A big THANK YOU for everyone who voted for us in Desoto and the surrounding counties.
Last Saturday, the "2013 Best of Desoto County" was published - - and Fairway Mortgage was voted 2013 Best Mortgage Company in Desoto County!  This is the annual "Best of Desoto" through the Desoto Times paper.  This is the first year (in some time) that "Mortgage Company" was listed on the voting ballot.
We were VERY excited and honored to be voted in by our friends, family, past/current clients and our referral partners.  2014 should be another exciting year!
 

Fairway Independent Mortgage Corporation, 224 … (0 comments)

fairway mortgage: ***FHA Fee Increases - 02/29/12 08:11 AM
As you may know by now,  FHA mortgages are about to get a bit more expensive.
In its announcement, the FHA said it would increase its annual mortgage insurance premium by 0.10 of a percentage point for loans under $625,500, which would now cost 1.25 percent of the loan amount, up from 1.15 percent. That change takes effect on April 1.
The agency also said it planned to raise another fee, known as the upfront mortgage premium, by 0.75 of a percentage point, bringing the premium to 1.75 percent of the loan amount, which can be rolled into the mortgage.
Here … (1 comments)

fairway mortgage: ***For MISSISSIPPI - New USDA Rural Housing Income Limits - 01/26/12 07:35 AM
  Effective 01/18/2012, the Household Income Limits were increased for the USDA Guaranteed Rural Housing loan for the State of Mississippi.
1-4 person household:  $74,750 (increased from $74,050.00)
5-8 person household:  $98,670  (increased from $97,750.00)
 
This applies to ALL Mississippi Counties! 
 
 
 
For more information please contact DOUG CAPPS at (662) 429-5100 ext. 105.  NMLS ID #68160.
   Fairway Independent Mortgage Corporation, 224 West Commerce St, Hernando, MS 38632 is a "MS and TN Licensed Mortgage Company." NMLS ID #2289. An Equal Housing Lender. All loans are subject to credit approval and compliance with investor guidelines.  Fairway Independent Mortgage … (0 comments)

fairway mortgage: ***For MISSISSIPPI - Home Loan Plus Grant for $14,999.99 - 12/13/11 10:23 AM

If you are interested in purchasing a new home, then don't forget about the Home Loan Plus Grant!  The MS Home Corp Home Loan Plus provides grants up to $14,999.00 to qualified low income individuals to purchase homes.
Currently, there is over $3.4million available for grants.  Restrictions and household income limits do apply.
Here is the website for more information:  www.mshc.com/hlp
 
   
For more information please contact DOUG CAPPS at (662) 429-5100 ext. 105.  NMLS ID #68160.
 
Fairway Independent Mortgage Corporation, 224 West Commerce St, Hernando, MS 38632 is a "MS and TN Licensed Mortgage Company."  NMLS ID … (2 comments)

fairway mortgage: ***For MISSISSIPPI - MS Home Corp Home Saver Program - 12/05/11 10:39 AM
 
 
The MS Home Corp Home Saver program assists homeowners by making mortgage payments who have lost their job or experienced a reduction in income through no fault of their own due to the economy and are at risk of default or losing their home to  foreclosure.  Restrictions apply.
 
Click the following link for more information:  www.mshomesaver.com.
 
 
 
For more information about mortgage financing, please contact DOUG CAPPS at (662) 429-5100 ext. 105.  NMLS ID #68160.
 
Fairway Independent Mortgage Corporation, 224 West Commerce St, Hernando, MS 38632 is a "MS and TN Licensed Mortgage Company."  NMLS ID #2289. An … (0 comments)

fairway mortgage: ***Final Changes to the VA Funding Fees - 11/29/11 06:39 AM
Finally some good news for Veterans!
On November 21, 2011, the President signed HR 674 which reduces the VA Funding Fees associated with VA Home Loans. This new fee structure will be in effect for loans closing after 11/22/2011 until 09/30/2016.
This will help reduce costs for Veterans purchasing a home. Some good news!
Keep in mind that the VA Funding Fee is waived for Veterans that are receiving at least 10% VA disability.
Click this link for the funding fee chart.
 
 
 
For more information please contact DOUG CAPPS at (662) 429-5100 ext. 105.  NMLS ID #68160.
 
Fairway Independent Mortgage … (0 comments)

fairway mortgage: ***USDA Funding - Possible Delays after 10/1/2011 - 09/30/11 03:36 AM
USDA UPDATES
 
USDA has advise in an unofficial memo, that effective 10/1/2011, USDA will not issue “subject to conditional commitments” as they normally do every year. They have funds that will last through the end of the month, so all loans with conditional commitments by 9/30/2011 will be ok, and can fund AFTER 9/30/2011.
On October 1st, however, they will stop issuing commitments until congress approves their budget (even though it’s a self-funded program congress needs to approve) and funds are loaded into their system. USDA anticipates this could delay loans 2 weeks from getting clear commitments.  So … (2 comments)

fairway mortgage: ***Changes to the VA Funding Fees - 09/12/11 10:59 AM
Some good news...  VA will be reducing the funding fees for Veterans. 
 
Changes to VA Funding Fee  
 

 
 Subsequent Use of Entitlement for all:
 
·         Loans closed from 10/01/2011 – 09/30/2012 = 2.8%
·         Loans closed from 10/01/2012 – 09/30/2013 = 2.15%
·         Loans closed on and after 10/01/2013 = 1.25%
 
  
For more information about the VA home loan or mortgage financing in general, please contact DOUG CAPPS at (662) 429-5100 ext. 105.  NMLS ID #68160.
Fairway Independent Mortgage Corporation, 224 West Commerce St, Hernando, MS 38632 is a "MS and TN Licensed Mortgage … (1 comments)

fairway mortgage: CFPB - Consumer Financial Protection Bureau - 05/19/11 04:33 AM
As part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (otherwise known as the Dodd-Frank Act), the Consumer Financial Protection Bureau (CFPB) was established.
The central mission of the CFPB is to make markets for consumer financial products and services for Americans - whether they are applying for a mortgage, choosing amount credit cards, or using any number of other consumer financial products.
Learn more about the Consumer Financial Protection Bureau (CFPB) at http://www.consumerfinance.gov/the-bureau/
CFPB website:  http://www.consumerfinance.gov/
The CFPB will impact every segment of consumer financing, including mortgages.  With their "Know Before You Owe" campaign, the CFPB … (0 comments)

fairway mortgage: For MISSISSIPPI - Fairway Mortgage Ranked #6 in Mississippi for USDA GRH Loans - 01/14/11 01:53 AM
Fairway Mortgage in Hernando was recently notified by the State Director of USDA Rural Development, Mississippi State Office that our branch was currently ranked #6 in the State of Mississippi as a TOP TEN LENDER for originating and closing USDA Guaranteed Rural Housing Loans for the 2010 Fiscal Year!!!
         
 
 
Fairway Independent Mortgage Corporation, 224 West Commerce St, Hernando, MS 38632 is a "MS and TN Licensed Mortgage Company."  NMLS ID #2289. An Equal Housing Lender.  All loans are subject to credit approval and compliance with investor guidelines.
Know your mortgage options!
For more information about the USDA Guaranteed Rural … (0 comments)

fairway mortgage: For MISSISSIPPI - USDA Rural Housing Receives $94million for Certain Counties - 04/21/10 01:57 PM
The State of Mississippi has received an additional $94 million in Guaranteed Rural Housing funding for Hurricane Katrina affected disaster counties.   
These funds can be used to purchase new or existing properties or construct new dwellings in the following counties:
Adams, Amite, Attala, Choctaw, Claiborne, Clarke, Copiah, Covington, Forrest, Franklin, George, Greene, Hancock, Harrison, Hinds, Holmes, Humphreys, Jackson, Jasper, Jefferson, Jefferson Davis, Jones , Kemper, Lamar, Lauderdale, Lawrence, Leake, Lincoln, Lowndes, Madison, Marion, Neshoba, ,Newton, Noxubee, Oktibbeha, Pearl River, Perry, Pike, Rankin, Scott, Simpson, Smith, Stone, Walthall, Warren, Wayne, Wilkinson, Winston and Yazoo.
The USDA program has also received an … (0 comments)

fairway mortgage: For MISSISSIPPI - Homebuyer Advantage Grant "Coming to an End" - 04/19/10 08:34 AM
For those of you that don't already know, the MS Home Corp Homebuyer Advantage Grant is about to end. 
MS Home Corp sent out an email 4/12 stating:
"Home Buyer Advantage (HBA) Program - This is a reminder for those of you participating in this HBA Program, the Final Reservation Date for HBA loans will be Friday, July 16th, 2010.  Loans must close no later than Thursday, September 16, 2010 and no waivers will be allowed."
 
  
Fairway Independent Mortgage Corporation, 224 West Commerce St, Hernando, MS 38632 is a "MS and TN Licensed Mortgage Company."  An Equal Housing Lender.  … (0 comments)

fairway mortgage: Think USDA Rural Housing First!! - 01/18/10 07:05 AM
If the USDA Rural Housing loan applys to your area, make sure you are working with a local lender who will offer this product to your client as a possible mortgage option.

Additional benefits with USDA Rural Housing:
Can be used in conjunction with MSHC Homebuyer Advantage Grant Flexible credit guidelines Not subject to HVCC guidelines (FHA is adopting February 2010) No sales price limitation as with FHA No minimum down payment required Allows for repair escrow (must escrow 150% of cost - up to 110% of appraised value) Closing costs can be financed (with room between the purchase price … (3 comments)

fairway mortgage: MS Homebuyer Advantage - 09/16/09 07:36 AM
The MS Home Corporation has a new program called "Homebuyer Advantage."  This program will provide funds for homebuyers to aid in principle reduction, covering closing cost/ prepaids and "half" of the required down payment (based on loan type) for foreclosed properties.
Other conditions do apply.  See below:

 


 
For more information on this program, please call DOUG CAPPS at (662) 429-5100 Ext. 105.
Fairway Independent Mortgage Corporation, 224 West Commerce St, Hernando, MS 38632 is a "MS and TN Licensed Mortgage Company."  An Equal Housing Lender.  All loans are subject to credit approval and compliance with investor … (2 comments)

fairway mortgage: Hernando Homebuyer Assistance Program - Hernando, MS - 08/25/09 03:53 AM
HERNANDO HOMEBUYER ASSISTANCE PROGRAM
The City of Hernando has received State grant funds from the Mississippi Development Authority to assist low and moderate income persons who would like to purchase a home.  The program provides a grant of $30,000.00 per applicant that can be used toward a down payment on a home, help with closing costs, or help with reducing a home's price so that the buyer can afford it.
Income Eligibility:
Family Size 1 = $32,400, 2 = $37,000, 3 = $41,650, 4 = $46,250,      5 = $49,950, 6 = $53,650, 7 = $57,350 and 8 = $61,050
Other Eligibility … (0 comments)

fairway mortgage: Who is FAIRWAY MORTGAGE? - 06/18/09 11:22 AM

Additional Items:
CUSTOMER SERVICE - This is our #1 goal - we strongly believe in customer service!!   SPEED - Our underwriting times are typically faster than many in the industry COMMUNICATION - We believe this is KEY! STABILITY - Fairway Mortgage has been serving Hernando and Desoto County for over 10 years! For more informaiton about Fairway Mortgage, please contact Doug Capps at (662) 429-5100 Ext. 105.  A Licensed MS and TN Mortgage Company, 224 West Commerce St., Hernando, MS 38632.  An Equal Housing Lender.                    
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fairway mortgage: *** We WON 2008 Branch of the YEAR!!! - 06/09/09 10:05 AM
Wow... what an accomplishment!!  Out of 85+ branches, our branch wins 2008 Branch of the Year!  (Actually, there were two awards - best big branch and we won for the best little branch). 
And we achieved this with only 3 loan originators and great processors!!  I think that is STRONG!

Fairway Independent Mortgage Corporation, 224 West Commerce St, Hernando, MS 38632.  A MS and TN Licensed Mortgage Company.  Equal Housing Lender.
For more information about Fairway Mortgage, please contact Doug Capps at (662) 429-5100 Ext. 105 or visit our website at www.fairwaysouth.com.
 
(0 comments)

 
Doug Capps, MMS, CLO, CRMS (Guaranty Bank & Trust Co) Rainmaker large

Doug Capps

MMS, CLO, CRMS

Hernando, MS

More about me…

Guaranty Bank & Trust Co

Address: 2600 Panola St, Hernando, MS, 38632

Office: (662) 298-0131

Mobile: (901) 412-9590

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