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Fair Way Lending

Independent Mortgage Company•Louisville, KYHQ•Direct•Reviews near you on Google

Fair Way Lending has 233 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Acceptable
2/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA · USDA
Place
Sound
3/5
Multi-Region · 6 mkts

Safe Rate Summary

What They Do Well

  • Strong pull through performance
  • Particularly strong in FHA and USDA loans

Things to Think About

  • Rates typically 55 basis points above market average

Explore another lender or local market

Report Card

Fair Way Lending performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
+54.5 bps above market avg
Pull Through
Closing strength
Strong
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Sound
Top 60% of lenders
FHA
Strong
Top 40% of lenders
VA
Acceptable
Bottom 40% of lenders
USDA
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Sound
Top 60% of lenders
Refinance
Acceptable
Bottom 40% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 7 markets
Sound
Top 60% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Sound
Product
Sound
Pricing
Acceptable
Pull Through
Strong
Volume143
Mix61.4%
Spread
+0.438%Above
Fees
$2,767Fees
FHA Loans
Overall
Sound
Product
Strong
Pricing
Acceptable
Pull Through
Strong
Volume62
Mix26.6%
Spread
+0.831%Above
Fees
$2,615Fees
VA Loans
Overall
Acceptable
Product
Acceptable
Pricing—
Pull Through—
Volume12
Mix5.2%
Spread
-0.105%Below
Fees
$1,647Fees
USDA Loans
Overall
Strong
Product
Strong
Pricing—
Pull Through—
Volume15
Mix6.4%
Spread
+0.476%Above
Fees
$2,565Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Sound
Product
Sound
Pricing
Acceptable
Pull Through
Strong
Volume199
Mix85.4%
Spread
+0.591%Above
Fees
$2,776Fees
Refinance
Overall
Sound
Product
Acceptable
Pricing
Sound
Pull Through
Sound
Volume34
Mix14.6%
Spread
+0.294%Above
Fees
$2,176Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
233
Applications
284
Volume
$52 million
Pricing & Closing
Avg Rate Spread
+0.545%
vs. market APOR
Avg Net Fees
$2,683
Origination − Credits
Pullthrough Rate
82.0%
Applications → Closed
Typical Borrower
Avg Loan Amount
$226,073
Avg Borrower Income
$90,940
Avg Property Value
$278,176

Geographic Coverage

Geographic Performance

Metro Areas
6
markets with activity
States Served
7
of 50 states + DC
Avg Place Specialization
Sound
3/5

States with Loan Originations

7
7 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Midwest3
ILINOH
South4
FLGAKYNC

Top Metro Areas by Place Specialization Score

1© Yahala · CC BY-SA 3.0
Bloomington, INMetro
Volume 49Mix 21.03% of portfolio
73/100
Strong
2© Ken Lund · CC BY-SA 2.0
Louisville/Jefferson County, KY, KY-INMetro
Volume 41Mix 17.60% of portfolio
63/100
Strong
3© Infrogmation of New Orleans · CC BY-SA 4.0
Lafayette, INMetro
Volume 29Mix 12.45% of portfolio
62/100
Strong
4© Warren LeMay from Cincinnati, OH, United States · CC0
Atlanta, GAMetro
Volume 42Mix 18.03% of portfolio
60/100
Sound
5© TheWxResearcher · CC0
Indianapolis, INMetro
Volume 15Mix 6.44% of portfolio
47/100
Sound
6© Myotus · CC BY-SA 4.0
Evansville, INMetro
Volume 12Mix 5.15% of portfolio
46/100
Sound

Top States by Place Specialization Score

Indiana
Indiana
1
IndianaState
Volume 143Mix 61.37% of portfolio
70/100
Strong
Kentucky
Kentucky
2
KentuckyState
Volume 39Mix 16.74% of portfolio
59/100
Sound
Georgia
Georgia
3
GeorgiaState
Volume 43Mix 18.45% of portfolio
56/100
Sound

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.