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2. HFA loans: Everything you need to know - AOL

   www.aol.com/finance/hfa-loans-everything-know...

   HFA loans are conventional mortgages, issued by private lenders, which must conform to guidelines set by Fannie Mae and Freddie Mac. HFAs support affordable housing initiatives, including helping ...

3. First-Time Homebuyer’s Guide to Mortgage Loans ... - AOL

   www.aol.com/first-time-homebuyer-guide-mortgage...

   Plus, you can receive up to 6% in closing costs from a third party. And unlike the conventional loans backed by Freddie Mac and Fannie Mae, there are no income restrictions. However, the property ...

4. How to buy a house with low income - AOL

   www.aol.com/finance/buy-house-low-income...

   Not to be confused with an FHA loan, an HFA loan is another type of low-income mortgage through Fannie Mae (called “HFA Preferred”) and Freddie Mac (called “HFA Advantage”) that requires ...

5. FHA insured loan - Wikipedia

   en.wikipedia.org/wiki/FHA_insured_loan

   An FHA insured loan is a US Federal Housing Administration mortgage insurance backed mortgage loan that is provided by an FHA-approved lender. FHA mortgage insurance protects lenders against losses. [1] They have historically allowed lower-income Americans to borrow money to purchase a home that they would not otherwise be able to afford.

6. FHA loans: Definition, requirements and limits - AOL

   www.aol.com/finance/fha-loans-134807555.html

   Basic home mortgage loan or 203(b) loan: The 203(b) loan is the FHA’s main home loan program for buying a home or refinancing. These loans come with fixed and adjustable-rate options, as well as ...

7. Mortgage underwriting in the United States - Wikipedia

   en.wikipedia.org/wiki/Mortgage_underwriting_in...

   Fannie Mae and Freddie Mac are the two largest companies that purchase mortgages from other lenders in the United States. Many lenders will underwrite their files according to their guidelines, but to ensure the eligibility to be purchased by Fannie Mae and Freddie Mac, underwriters will utilize what is called automated underwriting. This is a ...

8. Government National Mortgage Association - Wikipedia

   en.wikipedia.org/wiki/Government_National...

   FHA also was tasked with chartering and regulating a national mortgage association that would buy and sell FHA-insured mortgages. In 1938, Congress amended the act to create the Federal National Mortgage Association, more commonly known as "Fannie Mae", to help mortgage lenders gain further access to capital for mortgage loans.

9. Guide to first-time homebuyer loans and programs - AOL

   www.aol.com/finance/guide-first-time-homebuyer...

   These low-down payment loans include the: Conventional 97 mortgage: This conventional loan, backed by government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, requires just 3 percent ...