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TYPES
OF LOANS
Conforming Loans
Conventional loans may be conforming and non-conforming. Conforming
loans have terms and conditions that follow the guidelines
set forth by Fannie
Mae and Freddie
Mac. These two stockholder-owned corporations purchase
mortgage loans complying with the guidelines from mortgage
lending institutions, package the mortgages into securities
and sell the securities to investors. By doing so, Fannie
Mae and Freddie Mac, like Ginnie Mae, provide a continuous
flow of affordable funds for home financing that results in
the availability of mortgage credit for Americans.
Fannie Mae and Freddie Mac guidelines establish the maximum
loan amount, borrower credit and income requirements, down
payment, and suitable properties. Fannie Mae and Freddie Mac
announce new loan limits every year
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ARTESIA,
CA
(800) 808-FUND (3863)
Broker License No. :01138383.
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KINGMAN,
AZ
(866) 978-FUND (3863)
Broker
License No. :
MB-0908949. |
LAS
VEGAS, NV
(702) 889-9005
Broker
License No. :468.
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Email:
info@westarfunding.com
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