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Check out Fannie Mae and Freddie Mac Properties


Fannie Mae and Freddie Mac are working hard to sell their inventory of foreclosed homes. (Currently the two companies own approximately 150,000 houses on which they were forced to foreclose.) Prices tend to be significantly lower, and the terms are often much better, too.

For example, Fannie Mae is currently accepting down payments as low as 3% of the purchase price on a 30-year loan. Plus, Fannie Mae does not require private mortgage insurance (PMI), which means you could pay hundreds less each month. (For example, you could save over $2,400 a year on PMI on a $300,000 mortgage.) Some properties also come with additional financing, up to $25,000 to $30,000, to help buyers make repairs or renovations on properties that need some work.

Best of all, unlike a “normal” foreclosure, you can inspect a Fannie Mae or Freddie Mac property before you buy. That way you’ll know exactly what you are purchasing – and whether it makes sense for you.

Personal – Homebuying and Refinancing

Ready to explore how Sunflower Bank can assist you? Speak to a personal banker at a branch near you, contact a specialist on our Wealth Management team, or find the right financial partner on our Commercial Banking team for your business needs. 

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This article contains general information only. Sunflower Bank is not, by means of this article, rendering accounting, financial, investment, legal, tax, or other professional advice or services. This article is not a substitute for such professional advice or services, before making any decisions related to these matters, you should consult a qualified professional advisor.