Living The Dream
Fannie Mae, formerly known as the Federal National Mortgage Association, is sponsored by the federal government. They are an enterprise that issues its own common stock and promotes a secondary market for mortgage loans that are much better suited for low-, moderate-, and middle-income families.
First-Time Mortgages
Fannie Mae has helped more then 63 Million americans to realize their dream of home ownership. The company is privately held and traded on the New York Stock Exchange under the symbol: FNM. Even though Fannie Mae is government sponsored, they do not actually receive any money from the government.
For that reason Fannie Mae does hold a limit on the amount of loan granted as follows:
First Mortgages
- One-family loans: $417,000
- Two-family loans: $533,850
- Three-family loans: $645,300
- Four-family loans: $801,950
Second Mortgages
In order to apply for a loan through Fannie Mae, you will need to contact a lender who is a Fannie Mae Lender Partner. A list of lender partners is available directly through Fannie Mae. They can better explain the various mortgage solutions available to you. Fannie Mae Lender Partners
You may also wish to contact Fannie Mae in order to understand all their services more clearly:
Fannie Mae
Corporate Headquarters
3900 Wisconsin Avenue, NW
Washington, DC 20016-2892
(202) 752-7000
Visit: Fannie Mae Web site
E-Mail
headquarters@fanniemae.com
Fannie Mae Resource Center
Telephone
1-800-7FANNIE
(1-800-732-6643)
Fannie Mae offers solutions for home owners and buyer. Therefore, whether you are looking for your first mortgage, refinancing, home-improvement or reverse mortgages; they have numerous resources
to help you.
A Real's Estate agent's understanding of the Real Estate market and its trends is key to a quick sale with top returns. The longer your home stays on the market the less value you're liable to rip from it!
