What is a fannie mae loan

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Fannie Mae Lenders

Fannie Mae lenders are third-party mortgage brokers and mortgage companies who must go through an application process. The first part is a self-assessment tutorial, where the lender can determine if it meets the requirements. As of 2014, the requirements include being in business for at least 24 months and having a net worth of at least $2.5 million. The applicant ultimately must work with a Fannie Mae sponsor to turn in any other necessary documentation.

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