What is FNMA & FHLMC?

What is FNMA & FHLMC?

These are Government backed subsidized loans. This is where the Government actually buys down the interest for the conventional 30 year fixed rate mortgage.  The meaning is FNMA = Fannie Mae and FHLMC = Freddie Mac.

We can help you apply with either agency, depending on your individual loan criteria.  Each agency has just a little different set of rules.

What is FNMA & FHLMC?