Fannie Mae
Fannie Mae is a United States government-sponsored enterprise (GSE) that was created in 1938 to provide stability and liquidity to the secondary mortgage market. The organization's mission is to provide access to affordable mortgage financing in all markets at all times.
Fannie Mae offers a mobile app called the Fannie Mae Mobile app, which is designed to provide users with access to information about Fannie Mae's products and services, including mortgage options, loan eligibility requirements, and other resources for homebuyers. The app provides access to tools and resources for homebuyers, including a mortgage calculator, affordability tools, and educational resources.
Mobile App Features
The Fannie Mae Mobile app provides on-the-go resources for homebuyers, homeowners, and renters to help make the home buying and homeownership process easier and more accessible. Here are some of the key features of the app:
- Complete Guide to Homebuying.The app includes a comprehensive guide to homebuying, including information on down payment requirements, credit scores, and closing costs. This can be a valuable resource for first-time homebuyers who may be unfamiliar with the home buying process.
- Mortgage Calculators. The app provides calculators to help users estimate what mortgage they can afford based on their income, expenses, and other financial factors.
- Homeowner Projects. The app provides resources for homeowners to help them maintain and protect their homes. This includes information on DIY projects and tips for hiring contractors.
- Maintenance Tasks. The app includes information on basic maintenance tasks to help homeowners take care of their home's major systems and save on energy costs.
- Disaster Assistance. The app provides resources to help homeowners and renters in the event of a disaster, such as a wildfire, hurricane, or flood. This includes information on how to access assistance programs and resources for rebuilding and recovery.
- Forbearance and Repayment Options. The app provides information on forbearance and repayment options for homeowners who are experiencing financial stress. Users can also schedule a call with a housing expert to discuss potential solutions.
- Loan and Rental Building Lookup. The app includes lookup tools that allow users to learn more about their home loan or rental building. This can be helpful for homeowners and renters who need to access information about their property or mortgage.
Overall, the Fannie Mae Mobile app provides a wealth of resources for homebuyers, homeowners, and renters to help them navigate the complex world of homeownership and make informed decisions about their properties.
How to Download
To download the Fannie Mae Mobile app, follow these simple steps:
- Open the App Store or Google Play Store on your mobile device.
- Search for "Fannie Mae" in the search bar at the top of the screen.
- Once you find the Fannie Mae Mobile app, click on the "Download" button to start the download process.
- Wait for the app to download and install on your device. This should only take a few minutes.
- Once the app is installed, you can open it and start using the features and resources available.
Note that the Fannie Mae Mobile app is available for free on both iOS and Android devices. However, some features of the app may only be available to users who have an active Fannie Mae mortgage or are in the process of applying for one.
How to Apply in the App
It's important to note that Fannie Mae does not provide mortgage loans directly to consumers. Instead, they work with lenders across the country to provide access to affordable mortgage financing.
If you're interested in applying for a Fannie Mae-backed mortgage, you will need to contact a lender directly. The Fannie Mae Mobile app can be a useful resource for exploring the different mortgage options available and learning about the eligibility requirements for each program. However, the app itself does not provide a way to apply for a mortgage.
