What is a fannie mae loan
Other People Are Reading
Fannie Mae Lenders
Fannie Mae lenders are third-party mortgage brokers and mortgage companies who must go through an application process. The first part is a self-assessment tutorial, where the lender can determine if it meets the requirements. As of 2014, the requirements include being in business for at least 24 months and having a net worth of at least $2.5 million. The applicant ultimately must work with a Fannie Mae sponsor to turn in any other necessary documentation.
- Photo Credit Chip Somodevilla/Getty Images News/Getty Images
More Like This
Guidelines for Fannie Mae Loans
What Is a Conventional Uninsured Loan?
What Is a HomePath Mortgage?
You May Also
Fannie Mae is a privatized institution created in 1938 to help the mortgage market recover after the Great Depression. Fannie Mae lends.
Fannie Mae, short for Federal National Mortgage Association, was created by Congress in 1938 to re-establish stability in the housing market at.
Freddie Mac and Fannie Mae are the respective common names for the Federal National Mortgage Association and Federal Home Loan Mortgage Corporation.
What Is a HomePath Mortgage? Fannie Mae offers HomePath Mortgage Financing to help people who may not qualify for a conventional mortgage.
Freddie Mac, FNMA and GNMA are all mortgage agencies established by the federal government. The Federal National Mortgage Association -- FNMA --.
FANNIE Mae Mortgage Relief Programs. Fannie Mae is a government agency that provides funding for mortgage loans through banks and mortgage lenders.
View Blog PostSource: ehow.com