Freddie Mac is a publicly held corporation chartered by Congress to increase the supply of funds that mortgage lenders, such as commercial banks, mortgage bankers, savings institutions and credit unions, can make available to homebuyers and multifamily investors. This Freddie Mac site offers a step-by-step tutorial on the home buying decision process and the mortgage application process.
Fannie Mae is a government-sponsored enterprise (GSE) chartered by Congress with a mission to provide liquidity, stability and affordability to the U.S. housing and mortgage markets. Home Buying Process guide on their website offers valuable information about buying a home. This website also provides important information for home owners.
U. S. Department of Housing and Urban Development website provides extensive information about buying a home including affordability, borrower’s rights, tips and tricks for shopping for a loan, and details about different home buying programs including FHA loan programs and other special programs.
What happens after you complete the purchase process? This U.S. Postal Service site provides all kinds of tools and tips to help make the moving process easier.
The US Department of Housing and Urban Development (HUD) provides a list of approved agencies that you may contact for your counseling needs including educational workshops for potential homebuyers. Narrow down your search for an agency near your work or home.
This handbook explains how ARMs work and discusses some of the issues that borrowers may face. It includes ways to reduce the risks. Important ARM terms are defined in the glossary. The Mortgage Shopping Worksheet can help you ask the right questions and figure out whether an ARM is right for you. Ask a Prime Financial Mortgage Representative to help you fill out the worksheet so you can get the information you need to compare mortgages.