Fannie Mae Loans

Low to Middle Income Mortgages

About Fannie Mae

Fannie Mae's primary goal is to ensure that low to middle income citizens can qualify for a home loan. Fannie Mae does not receive funds from the government; in fact, they are one of the United State's biggest taxpayers. Fannie Mae does not lend money directly to borrowers; instead they buy Federal Housing Administration (FHA)-insured home loans under $417,000 from mortgage companies. The mortgage companies can then use that money to make more mortgages for low to middle income home buyers.

Begin the Quote Process

Select Your Country

Enter Zip Code

Home Buying Vocabulary

Adjustable Rate Mortgage (ARM)

Is a mortgage in which the interest rate is adjusted periodically based on a pre-selected index. And sometimes known as the re-negotiable rate mortgage, the variable rate mortgage, or the Canadian rollover mortgage.

See all Vocabulary

Frequently Asked Question

What is earnest money?

Answer:
Earnest money is good-faith money that you put down with an offer to buy a house. This money, which can be just a couple thousand dollars, is applied towards your predetermined down payment. Putting some earnest money with an offer demonstrates that you are serious about your offer. If your offer is rejected, you get your earnest money back, however, if you back out of the deal, you do not get it back.

See all FAQs

NationalFinancer has relationships with many lenders that participate in the Fannie Mae Home Loan Program. Use the form above to receive a free, no obligation home loan quote today.