Is my loan owned by Fannie Mae or Freddie Mac?
Does Fannie Mae own my loan? Does Freddie Mac owns my loan? These are two important questions to know prior to applying for a mortgage refinance. A mortgage has a servicer who collects payments and issues statements and an owner. Loans owned by Fannie Mae or Freddie Mac may be eligible for higher loan to values, lower credit requirements, and lower risk related fees such associated with investment properties, multiple units, and poor credit, among others.
I have added existing Freddie Mac loan refinances to my mortgage rate and cost calculator. The calculator already did Fannie Mae loan refinances.
Multiunit investment properties and poor credit borrowers benefit hugely if their loan is owned by Fannie Mae or Freddie Mac.
If you do not know the ownership of your loan follow these links to find out if Fannie Mae owns my loan or Freddie Mac owns my loan.
