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If you have been accepted to own a normal financial, odds are the lending company observed Federal national mortgage association recommendations to manufacture their concluding decision. Federal national mortgage association are a national-backed corporation that fuels brand new You.S. mortgage industry by purchasing and promoting home loans toward secondary market.
Understanding Fannie mae direction as well as how it shape antique financing standards allows you to determine whether traditional money is right for you.
On this page
- What exactly is Fannie mae?
- Fannie mae guidelines to possess antique mortgage loans
- Positives and negatives off Fannie mae guidance
- Simple tips to get a fannie mae mortgage
- Federal national mortgage association guidelines if you fail to afford the mortgage repayments