Fannie Mae Mortgage Loans

Making Home Affordable for America's Home Owners

Fannie Mae Mortgage Loans, FHA HUD Loans Keep The Housing Industry in Business. Fannie Mae Adds Stability to The Real Estate Mortgage Market.

Without Fannie Mae, Home Loans Would be Hard to Find.

What are Fannie Mae Mortgage Loans? Fannie Mae is a government subsidize corporation which is chartered by Congress to buy real estate loans from approved lenders.

Fannie Mae Is Not a direct real estate lender they are considered part of the Secondary Mortgage Market.

Fannie Mae Loans are originated by Fannie Mae approved real estate lenders and then sold as securities to investors.

In short Fannie Mae buys real estate loans that are originated under Fannie Mae guidelines to recycle mortgage funds back into the real estate lending industry.

Without a Secondary Mortgage Market, mortgage bankers, banks and real estate lenders would be unable to continue making loans, because they would run out of funds.

Fannie Mae’s mission is to Provide Liquidity to the real estate mortgage market and add stability to the housing market. Fannie Mae backed loans are very good loans for First Time Home Buyers.

Without a secondary mortgage market interest rates would be 8% to 10% and most builders would go out of business.

In 2008 when the biggest real estate crash in modern times happened the Secretary of the Treasury authorized up to $200 billion in capital to ensure Fannie Mae continues to stay solvent.

Without Fannie Mae the real estate housing market would fail and there would be very few affordable real estate loans available.

Fannie Mae Mortgage Loans Include:

• Community Mortgage - For buyer’s with moderate to low income, also for community servants such as teachers, military members, police officers, firefighters and health care workers.

• Flexible Mortgages - For home buyers with good credit a high Loan to Value with minimal down payments. The borrower may use gift funds for the down payment.

• Home Renovation – For home buyers who wants to buy real estate that is in need of repairs. Also for refinance an existing home that needs repairs. This loan is based on the Future Value rather than the present value.

• Biweekly Mortgages - The borrower makes a mortgage payment every two weeks instead of one monthly payment. This equals 13 monthly payments each year. The thirteenth payment goes to principle this pays off a thirty year loan in about 22 years.

• Refi Plus – This refinance loan is available for borrowers who are current on their monthly payments. It also allows the borrower to take advantage of the current low interest rates.

• Home Construction to Permanent - Allows for home buyers to borrow money for new home construction.

• Reverse Mortgages - For people 62 years and older. The borrower may borrow against the home equity and never pay any loan payments. One of the borrowers must live in the house or the loan will be called due or sold after vacating for 12 months.

For more information on Fannie Mae go to their official web site.

The only way the mortgage market will continue to work is if Fannie Mae Mortgage Loans keep flowing, because with out Fannie Mae the mortgage market would dry up fast.

FANNIE MAE MORTGAGE LOANS: Anything to do with real estate of mortgage loans have the potential to evolve into legal issues, so be ready if it happens and have the tools you may need. This is where you find the tools: Jurisdictionary Watch the FREE Instructional Videos. Left Side Half Way Down...

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