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If you’ve been accepted to have a normal mortgage, its likely that the lending company followed Fannie mae guidelines to make the concluding decision. Fannie mae try an authorities-backed organization one to fuels the You.S. mortgage industry by buying and you may attempting to sell lenders toward supplementary markets.
Facts Federal national mortgage association advice and how it shape traditional loan requirements will allow you to decide if conventional financing suits you.
On this page
- What exactly is Fannie mae?
- Fannie mae guidelines to have old-fashioned mortgage loans
- Positives and negatives out-of Federal national mortgage association recommendations
- How to get a federal national mortgage association mortgage
- Fannie mae recommendations if you’re unable to afford your mortgage payments