))
What Are The Differences Between Fannie Mae, FHA And Freddie Mac
Manage episode 435463669 series 3555433
Контент предоставлен Melinda Payan. Весь контент подкастов, включая эпизоды, графику и описания подкастов, загружается и предоставляется непосредственно компанией Melinda Payan или ее партнером по платформе подкастов. Если вы считаете, что кто-то использует вашу работу, защищенную авторским правом, без вашего разрешения, вы можете выполнить процедуру, описанную здесь https://ru.player.fm/legal.
Welcome to Mortgages with Melinda! Today, we're unraveling the complexities of Fannie Mae, Freddie Mac, conventional loans, and FHA loans. Confused about these terms? You're not alone.
Let's start with conventional loans. Think of them like hamburgers — whether it's Burger King, McDonald's, or Wendy's, they're all burgers. Similarly, Fannie Mae and Freddie Mac are both types of conventional loans overseen by the Federal Housing Finance Agency, not the government directly, but with government-guided guidelines.
Now, MLS listings often mention conventional financing, meaning they accept Fannie Mae or Freddie Mac loans. The slight differences lie in how they handle specifics like student loans or condos, details your loan officer can help navigate.
Moving on to FHA loans—they're not just for first-time buyers. FHA stands for Federal Housing Administration, backed by HUD. Unlike conventional loans, FHA loans are insured by the government, offering lower rates and more flexibility, but with specific eligibility criteria tied to government obligations.
Understanding these distinctions helps you choose the right path—whether FHA for lower rates or conventional for different qualifying factors. Stay tuned as we delve deeper into mortgage insights to empower your decisions as a homeowner or future buyer.
Keep up with the latest Florida real estate market news by joining us weekly!
NMLS #1054357 | FL License: #MBR1395
30 эпизодов
Поделиться
