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Fannie Mae is a source of reliable information and tools for renters, homebuyers, and homeowners. Learn about mortgage options, rental process, homeownership education, and more.
- Homebuyers, Owners, and Renters
Fannie Mae supports those who house America through...
- Multifamily Business
For over 35 years, Fannie Mae Multifamily has been a...
- Capital Markets
Celebrating Over 30 years of the Fannie Mae DUS Program...
- Contact Us
Contact the Fannie Mae Resource Center, or call 800-2FANNIE...
- Careers
Fannie Mae is an equal employment opportunity employer and...
- About Us
Since 1938, Fannie Mae has provided a reliable source of...
- Newsroom
The Google Translate feature is a third-party service that...
- Research & Insights
Fannie Mae’s market intelligence helps you understand...
- Homebuyers, Owners, and Renters
- HomeReady®
- Homepath
- 97% LTV Program
- Refinow™
- Hfa Preferred™
- Mortgage Help Network
- Tenant-In-Place Rental Program
Available for both first-time and repeat home buyers, the HomeReady®program allows you to buy a home, refinance to lower your rate and/or change your loan term with as little as 3% down or in existing equity. Because it’s intended to help clients with low-to-moderate incomes, those on the loan can’t make more than 80% of the area median income betw...
HomePath®is the site where Fannie Mae features foreclosures that it’s taken possession of to resell, also known as real estate owned (or REO) properties. You have to know what you’re getting into when buying a foreclosed property because they’re typically sold as is and they often require some work. However, you may be able to get a good deal.
The 97% LTV programallows home buyers to put as little as 3% down on a home, resulting in a loan-to-value ratio of 97%. These loan options are available to first-time home buyers and those refinancing a Fannie Mae loan. Requirements for income limits and home buyer education must be met in order to qualify.
The RefiNow™ programoffers options for homeowners who have experienced difficulty qualifying for a refinance to lower their mortgage payments in the past. RefiNow™ has looser requirements around DTI and home equity, which serves homeowners who meet certain low-income thresholds. Eligible homeowners for the RefiNow™ program need to see at least a 0....
HFA Preferred™is an affordable lending product that Fannie Mae issues in conjunction with Housing Finance Agencies (HFAs). These loans feature flexible underwriting requirements such as LTV ratios of up to 97%, borrower income limits set by the HFA and reduced mortgage insurance coverage for those at or below 80% area median income.
If for any reason you’re struggling with your monthly mortgage payment, homeowners with Fannie Mae-owned loans can utilize the Mortgage Help Network. This program allows homeowners to work with a Department of Housing and Urban Development (HUD) housing counselor in order to go over the situation, look at options and serve as a liaison between home...
If you’re a tenant in a Fannie Mae-owned property that’s currently being foreclosed upon, you may be able to continue renting at current market rates with the Tenant-In-Place program. In certain cases, you may be able to keep your current lease. In others, you may be given the option to sign a new lease agreement. Fannie Mae offers include month-to...
Use the mortgage calculator to estimate your monthly payments for a home purchase. Find other calculators, tools, and resources to help you with your home loan process.
May 17, 2023 · Fannie Mae, the Federal National Mortgage Association (FNMA), is a government-sponsored enterprise (GSE) chartered by Congress to stimulate homeownership and provide liquidity to the...
Fannie Mae buys loans from approved mortgage sellers and securitizes them; it then sells the resultant mortgage-backed security to investors in the secondary mortgage market, along with a guarantee that the stated principal and interest payments will be timely passed through to the investor.
Fannie Mae offers a variety of mortgage products to help lenders and borrowers access homeownership, from low down payment options to energy and renovation loans. Learn more about the features, benefits, and eligibility of each product and how to get started.
If you decide you want to buy a home, it’s time for a thorough review of your finances and credit history to see what you can afford. You can use our mortgage affordability calculator to estimate how a mortgage could fit into your financial situation. Your credit plays a crucial role in the mortgage lending process.
