When thinking about buying a home, you have a number of home financing options.
For years, financing was somewhat limited but with new governmental programs now
available and even more being created, people who had trouble qualifying for a home before are now being able to move into their dream house.
One of the most popular home financing options is with a program called Fannie Mae. This innovative program is used by lenders from around the country. In this case, no money is loaned directly to the homebuyer but resources are provided when looking for the right lender. In other words, Fannie Mae is designed to provide you with financial products and services that will improve your chance for availability and affordability when buying a home.
Obviously, buying a home is an excellent investment, as well as a place to call your own. With Fannie Mae, dreams become realities by providing low and middle-income families options for buying. First established in 1968, Fannie Mae has currently assisted over 63 million families become homeowners. The benefit of this program is that they do the hard legwork for you, locating qualified and reputable lenders that can put the perfect solution together.
The bottom line is that today, we see more families becoming homeowners than any other time in history, partially because of programs such as Fannie Mae. With this governmental entity working directly with lenders, ensuring they never run out of funds to loan for mortgages, people can find and buy their dream home. With this secondary market having been created, the flow of mortgage funds is greatly expanded.
Other commitments directly related to Fannie Mae include a strong commitment to the buyer, as well as the lender. In addition, this program is dedicated to getting as many people into a home as possible, working hard for positive results. Finally, Fannie Mae is customer-oriented, meaning they strive to provide the best possible support so customers are satisfied with the services rendered.