VA Home Loan Program Department of Veterans Affairs Loan Guaranty Service An independent agency of the federal government which guarantees long-term, low - or no-down payment mortgages to eligible veterans
HUD U.S. Department of Housing and Urban Development. HUD's Homes and Communities Page is a clearinghouse of information and services about homes and communities for citizens and for HUD's current and potential business partners. It's designed to empower citizens and business partners by giving them what they want, when they want it, in ways that make sense to them, so they can solve their own problems and achieve their objectives.
FEDERAL HOUSING ADMINISTRATION (FHA) - A division of the Department of Housing and Urban Development. Its main activity is the insuring of residential mortgage loans made by private lenders. FHA also sets standards for underwriting mortgages
FEDERAL HOME LOAN MORTGAGE CORPORATION (FHLMC) - Also called "Freddie Mac," is a quasi-governmental agency that purchases conventional mortgage from insured depository institutions and HUD-approved mortgage bankers. Freddie Mac is a stockholder-owned corporation chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Freddie Mac purchases single-family and multifamily residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage pass through securities and debt instruments in the capital markets.
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (GNMA) - Also known as "Ginnie Mae," provides sources of funds for residential mortgages, insured or guaranteed by FHA or VA.
Farmers Home Administration (FmHA) Provides financing to farmers and other qualified borrowers who are unable to obtain loans elsewhere.
Contact one of our experienced loan officers for more information.
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