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A banker suggested that if a property is Fannie Mae approved, then I can get lower rate. So, instead of taking loan from bank I will be getting loan from Fannie Mae? Am I wrong?
Also, Fannie Mae and bank are different entities, right? Why would a banker suggest that and give me an application for it. Does he get commission personally or what? How does this benefit the bank?
He said loan from bank is generally higher. Would it be cheaper if I just apply directly from Fannie Mae?

2 Thoughts on Fannie Mae and bank relationship?
  1. Reply
    A Hunch
    February 10, 2014 at 11:01 am

    you loan will be from the bank, not Fannie Mae.
    Fannie Mae grants money to banks to loan for specific types of mortgages.

  2. Reply
    February 10, 2014 at 11:11 am

    If you are talking about buying a Fannie Mae foreclosure it can be financed through Homepath. The will finance, if you qualify, with as little as 3% down, you don’t have to pay for an appraisal and there is no mortgage insurance required. Go to for a list of lenders in your area that are Homepath approved.


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