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The Freddie Mac HFA Advantage mortgage is a conventional mortgage product available exclusively to housing finance agencies (HFAs) seeking strategic solutions to diversify their product offerings and portfolio mix while expanding homeownership responsibly.
All loans backed by Fannie Mae and Freddie Mac are typically conventional loans, which are not insured by the government.
The primary business of Freddie Mac is to purchase loans from lenders to replenish their supply of funds so they can make more mortgage loans to other bor- rowers. Freddie Mac then issues securities backed by pools of these mortgages that it sells to the capital markets.
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