Fairway Advantage® Pre-Approval · Southern Maryland & Virginia

Fairway Advantage® Pre-Approval, This Borrower Is Already Approved.

The Fairway Advantage® Pre-Approval is not a pre-qualification. It's a true underwriter credit approval, meaning your buyer has already satisfied all underwriting conditions for income, assets, and credit before finding a home. Sellers and agents take this letter seriously.

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24-hour pre-approvals Retired U.S. Navy veteran Fairway Home Mortgage NMLS #2656628

Ken Powell

Mortgage Loan Officer · Fairway Home Mortgage

NMLS #2656628 · Equal Housing Lender

What Is the Fairway Advantage® Pre-Approval?

This Borrower Has Already Satisfied All Underwriting Conditions.

Through the Fairway Advantage® Pre-Approval program, a potential buyer receives a true credit approval and a commitment to lend from Fairway Independent Mortgage Corporation in advance of finding their new home. Simply stated, they have already satisfied all of the underwriting conditions for income, assets and credit.

In accepting this offer, sellers can have confidence that this buyer is mortgage approved and simply needs to find their dream home.

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True Underwriter Approval

Your file goes through full underwriting, income, assets, and credit, before you make an offer. Not a soft pull. Not an estimate. Powered by Candor, Fairway's AI underwriting technology, a fully underwritten conditional approval can come back in as little as 90 seconds, and closings average 6 to 10 days faster.

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Competitive Edge

In a multiple-offer market, a Fairway Advantage® Pre-Approval stands out. Sellers know this buyer is mortgage-ready, not just pre-qualified.

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Pairs with Cash Guarantee

The Fairway Advantage® Pre-Approval can be paired with the Fairway Cash Guarantee, giving your offer the backing of a corporate cash promise.

Pre-Approval vs. Pre-Qualification

Why the Difference Matters in Southern Maryland's Market.

❌ Standard Pre-Qualification

✗Based on self-reported income, no verification
✗Soft credit pull only
✗No underwriter review of documents
✗Can fall apart after contract signed
✗Sellers and agents view it skeptically

✅ Fairway Advantage® Pre-Approval

✓Income, assets, and credit fully verified by underwriter
✓Full credit pull, real approval
✓Commitment to lend from Fairway
✓Dramatically reduces risk of deal falling apart
✓Sellers and listing agents take it seriously

Fairway Cash Guarantee

Pair Your Pre-Approval with the Cash Guarantee for Maximum Strength.

What is the Fairway Cash Guarantee?

The Fairway Cash Guarantee pairs with the Fairway Advantage® Pre-Approval. It is a written guarantee to the seller that the sale will close even if the buyer cannot qualify for financing by the closing date. If that happens, Fairway buys the home in cash at the appraised value or sale amount, whichever is less, or pays the seller $10,000. It is free to use, and it makes a financed offer read like a cash offer. Full Cash Guarantee details →

How is the Fairway Advantage® Pre-Approval different from a regular pre-approval?+

Most lenders issue pre-approvals based on a review of documents without full underwriter involvement. The Fairway Advantage® is a true underwriter credit approval, income, assets, and credit have all been reviewed and cleared before you make an offer.

How long does the Fairway Advantage® Pre-Approval take?+

With complete documentation submitted, most Fairway Advantage® Pre-Approvals are issued within 24 hours.

Does the Fairway Advantage® Pre-Approval expire?+

Yes, like all pre-approvals, it has an expiration date. Signed Cash Guarantee addendums are valid through the expiration of the borrower's Fairway Advantage® Pre-Approval. I track these dates and will notify you well before expiration.

Can the Cash Guarantee addendum be used on multiple properties?+

Yes, addendums signed by Fairway legal can be used to make offers on multiple properties as long as the borrower still qualifies and the pre-approval has not expired.

Ready to Get Started? Book a Call with Ken.

No pressure. A conversation to find your best loan option and next step.

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Ken Powell · Fairway Home Mortgage · 9375 Chesapeake Street, Suite 203, La Plata, MD 20646
(240) 237-7855 · ken.powell@fairwaymc.com