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Fannie Mae Mortgage Loans
Fannie Mae is a name that is synonymous with the mortgage industry. They have been helping Americans realize his or her dream of owning a home since 1968, and since then they have helped over $60 million individuals obtain financing for their homes. Fannie Mae operates their business using the same principals that have made the United States what it is today: diversity. Fannie Mae considers diversity to be the paramount of their success whether it be in the form of cultural heritage, experience, or skill set, it is a priority to the very foundation of their organization. This diversity is also made evident through their wide range of products and services. Fannie Mae has access to the most loans that are designed to fit everyone’s needs and budgets. A few include:
- Reverse Mortgages
- First-time Homeowners
- Home Equity Loans and Lines of Credit
- Home Improvement Loans
- Refinancing Solutions
- Conventional and Unconventional Mortgage Programs
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Fannie Mae Bad Credit Mortgage Options
Fannie Mae strives to make the loan obtaining process as simple and accessible as possible, and as one of the nation’s largest lending houses, Fannie Mae has access to the most loans in the industry. In fact, they are the company that assisted in creating the subprime loan. A subprime loan is a loan designed to provide financing to individuals whose credit histories are less than perfect or bad. These loans are offered at slightly higher interest rates with some small fees attached to them. Some subprime lenders offer these loans at competitive rates, but others take advantage of the fact that they are providing loans to people with substandard credit. It is important to perform research and shop around for subprime loans. Fannie Mae, being the mortgage giant, offers a range of subprime loans for their customers that are safe and affordable.
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Fannie Mae Recent News
Fannie Mae has committed to provide funding for affordable housing initiatives. They have vowed to assist some 6 million Americans in obtaining affordable housing. Nearly one third of these Americans will be from underrepresented minority groups, and they will all be first-time homeowners. This is another way in which Fannie Mae is assisting Americans attain the dream of home ownership, and it is yet another way that Fannie Mae has demonstrated their commitment to diversity. Fannie Mae is one of the largest financial services industries in the country, and they are an equal housing lender.
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Bad Credit Mortgages is not directly affiliated with any mortgage broker or lender and cannot make any guarantee as to the lender affiliation of any broker or agent which contacts you. Company information on our site is for informational purposes only.
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