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In the real estate business, there’s always a lot of industry talk regarding Fannie Mae, but what exactly does this government institution provide Southern California homeowners? For starters, Fannie Mae is actually called the Federal National Mortgage Association. It’s a government-owned business designed to boost the nation’s housing market by buying mortgages from retail banks, allowing more loan dollars to flow toward the average American.
The point of Fannie Mae? Its number one priority has been to make housing more affordable for everyone, offering a number of assistance programs that function in a variety of ways, including measures like first time homebuyer loans, down payment assistance programs, mortgage assistance programs, refinancing options, and more. Additionally, by buying mortgages from banks, mortgage brokers, and credit unions, Fannie Mae frees up valuable funds to in turn be loaned to more Americans or for alternate loan purposes.
Fannie Mae is also a valuable educational and planning resource for Southern California homebuyers. Its fundamental services help mortgage brokers offer a greater diversity of loan options for Orange County and Southern California residents, from conventional loans to VA loans, and beyond. Moreover, just a quick visit to Fannie Mae’s website provides instructions and information geared toward potential homebuyers who are considering their financing and mortgage options, in addition to offering a roadmap on how to spearhead the home buying process based on your finances and goals. In a competitive housing market like Orange County’s, having a wide array of home loan options to suit a variety of budgets and goals is a necessary and valuable service, making possible the time-honored American dream of homeownership.
Another important attribute of Fannie Mae’s role in the housing market and mortgage industry is its commitment to financing affordable rental options and support programs for low to moderate income families, again increasing the chances that more individuals can afford to buy a home. In an area like Southern California – particularly Orange County – there are a variety of home loan options for buyers of all kinds. No matter what your homeownership goals or loan needs may be, institutions like Fannie Mae provide a meaningful range of options for Orange County homebuyers.
Based in Orange County, the top reviewed mortgage broker team at Summit Lending is always here to answer any questions you might have regarding home loan options in Southern California. As a direct real estate mortgage lender, we help homebuyers and existing homeowners secure affordable mortgage loans that work best for you, based on your individual needs and circumstances.
As top a Yelp! reviewed mortgage broker and direct mortgage lender in Orange County, Summit Lending provides low interest rate mortgage loans to buyers and homeowners all around the Southern California region, including in Riverside County, San Diego County, San Bernardino County, Ventura County, and Los Angeles County.
Based in Huntington Beach, CA, with offices throughout the Southern California region, Summit Lending can be reached online, on Facebook, or via phone at 888-451-9006. From conventional fixed rate loans to Jumbo loans, VA loans, FHA loans, reverse mortgages and cash out refinances, at Summit Lending we are eager to assist you in accomplishing your short and long term real estate financing goals.