Quick Asked: Fannie Mae Contact Us?

Are you searching for Fannie Mae Contact Us? By using our below available official links ( which are always up to date), you can find contact information without any difficulty. It may list Phone number, Mobile phone, Email Address & Customer service information.
Last update: 29 Mar, 2024 301 Views

What do you need to know about fannie mae loans? According to a statement released by Fannie Mae, here are the eligibility requirements:

• Eligible homeowners must earn at or below 80% of the area median income
• The homeowner hasn't missed a mortgage payment in the last six months and no more than once in the past year
• A mortgage with a loan-to-value ratio up to 97%
• A debt-to-income ratio of 65% or less
• A minimum FICO credit score of 620
• The mortgage must be owned by Fannie Mae

What is the definition of fannie mae? Fannie Mae 1. A private, shareholder-owned company created by Congress in 1938 to bolster the housing industry during the depression. Fannie Mae facilitates homeownership by adding liquidity to the mortgage market when it purchases loans from lenders who use the funds received to make additional loans.

What is a fannie mae home? When a property is a HomePath property it means that it is (a) a bank-owned home owned by Fannie Mae, and, (b) the buyer of the property is eligible for the Fannie Mae HomePath mortgage program. As you may know, Fannie Mae is the largest lender in the United States.