What types of mortgages does Fannie Mae offer?

Fannie Mae offers a wide range of mortgage options to help accommodate different needs and financial situations. These include fixed-rate mortgages (FRMs) which have a consistent interest rate throughout the loan term, adjustable-rate mortgages (ARMs) that offer a lower initial rate that can change periodically, and government-insured mortgage programs such as FHA, VA, and USDA loans. Fannie Mae also offers specialty mortgage programs like the HomeReady mortgage, designed to support low- to moderate-income borrowers with flexible eligibility criteria. Additionally, they provide programs specifically targeted for refinancing, renovation loans, and affordable housing initiatives. Fannie Mae's diverse mortgage offerings aim to provide borrowers with a variety of choices to suit their individual circumstances and make homeownership more accessible and affordable.