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If youve ever bought, sold or considered buying or selling a home, you may have heard of the Federal Home Loan Mortgage Corporation, more commonly known as Freddie Mac. Freddie Mac isnt an actual person, but is, along with other semi-governmental entities like Fannie Mae and Ginnie Mae, a government-sponsored
The Family Mortgage. Helping buyers with a low deposit to purchase a property, using security provided by their family. The mortgage will be secured on your home.
The formal name Family Opportunity Mortgage has been discontinued, but Fannie Mae still allows conventional mortgages to be considered owner-occupied for disabled adult children and parents who cannot qualify for mortgages on their own.
The Family Opportunity Mortgage offers a number of benefits over traditional second-home mortgages. The down payment and interest rates are lower. The financial terms for a Family Opportunity Mortgage are often better than the second home or investment home mortgage options.
The Family Opportunity Mortgage is an excellent Fannie Mae/Freddie Mac conventional loan option for buying homes for family members. Its designed to help Americans who have elderly parents or adult children with disabilities live in a safe environment.
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Homebuyers who have high incomes but low savings may be able to buy a home with just 3% down, if they can qualify for the Freddie Mac HomeOne mortgage. Unlike some other low-down-payment programs for first-time homebuyers, with HomeOne, there are no income limits.
We encourage you to contact your servicer (often your bank or lender) to verify that your mortgage loan is owned or guaranteed by Fannie Mae or Freddie Mac, or you may verify it yourself by accessing the following websites: Fannie Mae .KnowYourOptions.com/loanlookup, Freddie Mac .freddiemac.com/mymortgage.
Conventional Conforming Loans: Lenders that make conventional conforming loans typically sell them to the Government Sponsored Enterprises (GSEs) Freddie Mac or Fannie Mae, as the loans conform to the GSEs standards and meet loan amount limits set by the federal government.

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