Contact the Fannie Mae Resource Center , or call
800-2FANNIE (800-232-6643)
, Option 4, if Fannie Mae owns your mortgage or for more information about a Fannie Mae lender.
How do I contact Fannie Mae headquarters?
Fannie Mae can be reached at
800-232-6643
or Fannie Mae's website. Freddie Mac can be reached at 800-373-3343 or Freddie Mac's website.
Can you borrow directly from Fannie Mae?
Because Fannie Mae doesn't originate loans,
you can't get your mortgage directly from Fannie
.
Can I buy a house directly from Fannie Mae?
Can I buy a house directly from Fannie Mae without going through a real estate sales professional? No, Fannie Mae depends on the expertise of local real estate sales professionals and
accepts offers only through our real estate listing agents
. … Fannie Mae is not obligated to accept any offer submitted.
How do I contact Fannie Mae?
Contact the Fannie Mae Resource Center , or call
800-2FANNIE (800-232-6643)
, Option 4, if Fannie Mae owns your mortgage or for more information about a Fannie Mae lender.
What is the difference between a Fannie Mae loan and a conventional loan?
What is the difference between a Fannie Mae loan and a conventional loan?
They are the same
. Conventional loans are the mortgages purchased by the government-sponsored enterprises of Fannie Mae and Freddie Mac.
How do I know if my loan is Fannie Mae or Freddie Mac?
Fannie Mae can be reached at 800-232-6643 or Fannie Mae's website. Freddie Mac can be reached
at 800-373-3343
or Freddie Mac's website.
Why is Fannie Mae stock so low?
This low price-to-book ratio can be attributed to the
firm's inability to pass on its profits to shareholders
amid Fannie Mae's arrangement with the US Treasury Department. Moreover, at its current market capitalization of $13 billion, Fannie Mae is being valued at only 1.1 times its 2020 net income.
How do I file a complaint with Fannie Mae?
If your issue with Fannie Mae, Freddie Mac, or a Federal Home Loan Bank involves fraud, please contact
the FHFA Office of Inspector General (OIG) at 800-793-7724
or visit the FHFA OIG website.
How does Fannie Mae make money?
Fannie Mae makes money
partly by borrowing at low rates
, and then reinvesting its borrowings into whole mortgage loans and mortgage backed securities. It borrows in the debt markets by selling bonds, and provides liquidity to loan originators by purchasing whole loans.
Will Fannie Mae accept low offers?
In other words, if a property is in serious disrepair,
Fannie Mae may be willing to accept a lower price
, but you'll have to put money into the home, so it may not be as good a deal as buying a less damaged home at full price.
What does Fannie Mae consider a first-time home buyer?
First-time home buyer: An individual is to be considered a first-time home buyer who (1) is
purchasing the security property
; (2) will reside in the security property as a principal residence; and (3) had no ownership interest (sole or joint) in a residential property during the three-year period preceding the date of …
Are Fannie Mae homes a good deal?
HomePath homes are usually
more affordable
than standard-market homes, but they're also sold in as-is condition. You must have a real estate agent or REALTOR
®
to buy a HomePath home. You must also complete Fannie's Ready Buyer
TM
online course before you submit an offer for a HomePath home.
Why do sellers hate FHA loans?
Both reasons have to do with the strict guidelines imposed because FHA loans are government-insured loans. … The other major reason sellers don't like FHA loans is that
the guidelines require appraisers to look for certain defects that could pose habitability concerns or health, safety, or security risks
.
How much of a down payment do I need for a Fannie Mae loan?
Fannie Mae's HomeReady® and standard loan programs require only a
3% down
payment for a single-family home. You can use your own funds or get a gift donation from a family member. To buy a second home or an investment property, you need a down payment of 10% and 20%, respectively.
How do you qualify for a 5% conventional loan?
- You will need at least a credit score of 620 or higher.
- You will need to pay for private mortgage insurance.
- Your debt-to-income ratio, (DTI), which indicates how much of your income goes to towards debt payments, should be 50% or lower.
