Homeownership

Fannie Mae helps to ensure access to affordable and sustainable housing, which helps homebuyers and renters. It's not only what we do, but also why we exist. We help make home a reality for millions of homebuyers and renters. 

In 2023, Fannie Mae provided $369 billion in liquidity to fund the housing market -- helping individuals and families to buy, refinance, and rent approximately 1.5 million homes.

Homebuyers

Fannie Mae has developed affordable housing solutions, such as our HomeReady®  mortgage. This affordable mortgage loan program expands eligibility and removes barriers to homeownership for qualified homebuyers. HomeReady lets homebuyers:

• Finance up to 97 percent of the purchase price.
• Use non-traditional income sources to help qualify for a mortgage loan.
• Access homeownership education to prepare for homebuying and homeownership.

We offer tools and resources to help throughout the homebuying process, so homebuyers can be more knowledgeable and make informed housing decisions. We help prepare consumers to buy and own a home through Fannie Mae's consumer website. We also offer HomeView^®, our comprehensive free online homeownership course that provides a clear view into the homebuying process. We work with housing agencies and organizations to offer prepurchase counseling and information on down payment assistance.

Homeowners

Our commitment extends to homeowners. Our primary goals are to facilitate equitable and sustainable access to homeownership and quality affordable rental housing. It is why we offer post-purchase programs, like loan modification and foreclosure prevention, to homeowners with loans owned by Fannie Mae.

Homeowners also have access to Fannie Mae's housing counseling service. It offers free, personalized mortgage assistance through a housing counseling agency approved by the Department of Housing and Urban Development (HUD). Homeowners can work with a counselor to review their situation and determine available options. The housing counselors work with the homeowner and their mortgage company throughout the process.

We've put these housing programs in place to help homeowners and communities, and they are succeeding. In 2023, we helped distressed homeowners retain their homes or avoid foreclosure through approximately 85,000 workout solutions. If you or someone you know needs mortgage assistance, go to our consumer website.

Renters

Home doesn't always mean homeownership. We work with DUS lenders to help provide communities, individuals, and families with access to quality rental housing at an affordable price. We are a leading provider of financing for multifamily properties. Every year we finance hundreds of thousands of rental housing units.

Fannie Mae's consumer website also helps educate renters who either may be entering the rental market or trying to determine whether renting is the right option. We also provide assistance to renters through access to our housing counseling services. Our HUD-approved housing counselors can provide financial coaching and access to state and local resources.

Consumer resources and information

• 1-800-2FANNIE (800-232-6643) – Contact Fannie Mae directly for assistance.
• Fannie Mae's consumer website – Visit for help with renting, buying, and owning a home.
• HomeView – Take our comprehensive free online homeownership course to get the information you need for every step of your homeownership journey.
• HomePath.com – Search Fannie Mae-owned properties for sale, and learn more about special programs offered on HomePath^® properties.

Page last revised: 2/15/24