What is Fannie Mae?
Friday, 26 April 2019
Question: “I hear all this talk about Fannie Mae. What is Fannie Mae exactly?” Answer: Fannie Mae or FNMA, stands for the Federal National Mortgage Association. It’s a major market for buying and selling home loans and they have certain critical guidelines. If a loan doesn’t meet FNMA guidelines, it’s harder to sell, which typically
- Published in Q&A - Home Financing Questions
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Are There Down Payment Conventional Loans For 3% Down?
Wednesday, 27 November 2013
Question: “I keep hearing that there are low down payment conventional loans out there, for as little as 3% down. Is that correct?” Answer: Mortgage lending programs keep “evolving.” A few months ago, Fannie Mae began accepting (buying) 3% down conventional loans up to $417,000 for the first time since the mortgage meltdown. Well, they’ve
- Published in Q&A - Home Financing Questions, Real Estate Tips
What Is Fannie Mae, Anyway?
Friday, 23 September 2011
“What is Fannie Mae? I hear about it on the news all the time, but they never explain what it is.” Answer: Fannie Mae is the nickname for the Federal National Mortgage Association, a government-sponsored enterprise (GSE) chartered by Congress to provide liquidity, stability, and affordability to U.S. housing and mortgage markets. Rather than making
- Published in FAQs, Real Estate Resources