By Mel Dorman, December 3, 2021
Which is good news because…
The loan must meet underwriting guidelines set by Fannie Mae or Freddie Mac
And…because conforming home loans adhere to underwriting rules set by Fannie and Freddie, which include credit and income requirements, they are considered lower risk and are more easily sold to investors in bulk on the secondary market.
Which means…you should be able to get a cheaper mortgage rate, all else being equal, if your home loan conforms to Fannie Mae and Freddie Mac’s standards.
Mel Dorman
Broker | OR & WA
She/They
Ten years ago, Melissa was living in a slum in Kolkata, India, helping over 200 women escape sex trafficking by providing alternative work at a social business...
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