Fannie Mae is a private company that operates under a congressional charter to increase the availability and affordability of homeownership for low-, moderate-, and middle-income Americans.

Fannie Mae does not lend money directly to home buyers. Instead, they work with lenders to make sure that the lenders don’t run out of mortgage funds, which allows more people to achieve the dream of homeownership.

• One-family mortgage: $333,700
• Two-family mortgage: $427,150
• Three-family mortgage: $516,300
• Four-family mortgage: $641,650

Note: One- to four-family mortgages in Alaska, Hawaii, the U.S. Virgin Islands, and Guam are 50 percent higher than the limits for the rest of the country.

Second mortgages qualifying for Fannie Mae Mortgage under the guidelines

• $166,850

In Alaska, Hawaii, Guam, and the U.S. Virgin Islands: $250,277

History of Fannie Mae

In 1938, the Federal government established Fannie Mae to expand the flow of mortgage money by creating a secondary market. Fannie Mae was authorized to buy Federal Housing Administration (FHA)-insured mortgages, thereby replenishing the supply of lendable money.

In 1968, Fannie Mae became a private company operating with private capital on a self-sustaining basis. Its role was expanded to buy mortgages beyond traditional government loan limits, reaching out to a broader cross-section of Americans.

Fannie Mae Foundation

The Fannie Mae Foundation creates affordable homeownership and housing opportunities through innovative partnerships and initiatives that build healthy, vibrant communities across the United States. The Foundation is specially committed to improving the quality of life for the people of its hometown, Washington, D.C., and to enhancing the livability of the city’s neighborhoods. Click here to learn more.

Get Started with a Fannie Mae Mortgage Now

Interested in a Fannie Mae Mortgage? Let us help you get a Fannie Mae mortgage by visiting our 1 Step Mortgage Home Loan Request Form now!

Jumbo Mortgage Loans offer:

• Larger loan amounts to purchase more expensive homes
• Loan amounts as high as $1 million and down payments as low as 5%

Jumbo Mortgage Loans facilitate high-end purchases of:

• Primary residences and
• Second or vacation homes Investment properties

Super Jumbo Mortgage or Jumbo Mortgage Loans are best for people who:

• Want to finance larger and/or more expensive properties and can handle larger monthly payments
• Investment-minded buyers who want to leverage their assets more effectively.

Currently a jumbo mortgage loan is a purchase or refinance loan that exceeds $333,700 for a single-family home. A jumbo mortgage loan is also called a non-conforming loan because it does not conform to the loan limits set by Fannie Mae (The Federal National Mortgage Association or FNMA) or Freddie Mac (The Federal Home Loan Mortgage Corp. or FHMLC).

LendingLeaders.com will match you with home mortgage loan lenders specializing in providing jumbo mortgage loan and super mortgage loan options that can include fixed-rates and adjustable-rate mortgages, with a range of terms to accommodate immediate and long-range financial plans.

To have one of our lending partners help you evaluate how you might best utilize a jumbo mortgage loan or super jumbo mortgage, simply fill out our 1 Step Mortgage Home Loan Request Form.