Fairway Cash Guarantee™ · NMLS #2656628

Compete With Cash Buyers, Without Being One.

The Fairway Cash Guarantee is a written promise to the seller: this sale will close even if the buyer cannot qualify for financing by the closing date. If that happens, Fairway either buys the home in cash at the appraised value or the sale amount, whichever is less, or pays the seller $10,000 to walk away. Sellers read that and treat your financed offer like a cash offer. It is free to use, and Ken sets it up as part of your Fairway Advantage Pre-Approval.

📅 See If My File Qualifies Get Pre-Approved →

Free for buyers and sellers Backed by Fairway corporate Works on multiple offers FHA, VA & Conventional

Ken Powell

Mortgage Loan Officer · Fairway Home Mortgage

NMLS #2656628 · Equal Housing Lender

How It Works

Three Steps to a Cash-Strength Offer.

Get Fully Underwritten Upfront

Your file goes through the Fairway Advantage Pre-Approval: a real underwriter clears your income, assets, and credit before you shop. This is what makes the guarantee possible. The heavy lifting of underwriting happens at the beginning, not the end.

Fairway Signs the Addendum

Fairway corporate signs the Cash Guarantee addendum before a property is even attached to your file, so you can include it with any offer you write. One signed addendum works across multiple offers while your pre-approval stays valid.

✓

The Seller Gets Certainty

Your offer arrives with a corporate-backed promise the deal closes. In a multiple-offer situation, that certainty is often what beats a higher price. If financing somehow fails, the seller still wins: Fairway buys the home in cash or pays them $10,000.

Eligibility

What It Takes to Qualify.

✅ Program Requirements

Fairway Advantage Pre-Approval with all borrower conditions cleared (no income, asset, or credit conditions remaining)
FHA, VA, or Conventional loan
Single-family home, townhome, or warrantable condo/PUD
Sales price up to $1,000,000
Property valuation by full appraisal or an eligible inspection waiver
No home sale contingency. You cannot be relying on proceeds from selling another property
Primary residence, second home, and investment purchases all eligible

⚠️ Not Eligible

USDA loans, bond and DPA programs
Renovation loans (FHA 203K, HomeStyle, ChoiceRenovation)
2 to 4 unit properties, co-ops, and manufactured homes
New construction without a Certificate of Occupancy issued before the contract and addendum are executed

The guarantee triggers only if the buyer cannot qualify for financing. Inspection disputes, cold feet, and other contingencies are governed by the sales contract as usual. And protect the guarantee once you have it: no new car, boat, credit lines, or job changes between approval and closing. Ken coaches every buyer on exactly what not to do.

Fairway has a loan program for almost any mortgage scenario. Contact Ken to determine which loan program best fits your needs.

Frequently Asked Questions

Cash Guarantee Questions, Answered.

What exactly does the seller get if my financing falls through?+

Fairway either purchases the property in cash at the appraised value or the sale amount, whichever is less, or pays the seller $10,000 if they prefer not to sell to Fairway. Either way the seller is protected, which is exactly why the addendum makes your offer stronger.

Does it cost me anything?+

No. The program is free for the borrower. Fairway corporate covers the costs.

Can I use one addendum on several offers?+

Yes. A signed addendum can accompany offers on multiple properties as long as your Fairway Advantage Pre-Approval remains valid. Note an addendum will not be issued with fewer than 30 days remaining on the pre-approval, so Ken tracks your expiration dates and renews before they become a problem.

What happens if the appraisal comes in low?+

If a gap between the appraisal and the contract price means you no longer qualify for financing, the guarantee triggers: Fairway buys at the appraised value (never more) or pays the seller $10,000. If you did not waive your appraisal contingency, you may also have the option to cancel under the contract. Ken and your agent walk through those scenarios before you write the offer.

Do the real estate agents still get paid if the guarantee triggers?+

Yes. If Fairway purchases the property, both agents are paid according to the original purchase agreement. No contract language changes are needed either. The addendum is simply an addition to the standard contract.

What could actually cause the guarantee to trigger?+

With a fully cleared file, very little. The realistic risks are changes after approval: a job loss or job switch, a major purchase like a car or boat, new credit accounts, or a credit score change before closing. Ken coaches every Cash Guarantee buyer to keep their financial picture frozen from approval to keys.