We have made temporary modifications to our mortgage and home equity line of credit approval requirements. These steps help to ensure that FAIRWINDS continues to be a prudent and responsible lender while doing what is in the best interest of our members.
Before you apply, please read carefully through the checklist to make sure you meet the updated qualifications.
FAIRWINDS Mortgage Purchase Loan
If you are purchasing a home, please review these new requirements before you apply.
These requirements are in addition to our standard mortgage loan application.
- A 5% down payment is required (maximum of 95% loan-to-value).
- The minimum required credit score is 680.
- Applications for investment homes are not being accepted at this time.
- Income and employment status will be re-verified on the day of closing.
- Variable pay, including bonuses and commissions, are currently not in consideration for income verification.
If you meet these requirements, please continue to move forward with your application.Apply Now