What is the difference between Fannie Mae and Ginnie Mae

Fannie Mae and Freddie Mac are government sponsored enterprises where their guidelines are used for Conventional loans. Ginnie Mae is used for FHA Government loans. There is no cost or obligation to explore your loan options me. Please don't hesitate to call. Randy Free - Mortgage Advisor - Opes Advisors, A Division of Flagstar Bank NMLS 283930 - 4710 Village Plaza Loop, Suite 130 Eugene, OR 97401 - Direct Phone 541-984-5428 - rfree@opesadvisors.com

Fannie Mae, Freddie Mac and Ginnie Mae are clearing houses which buy loans from lenders, then block them together, then sell securities based on the performance of the loans.. these securities are sold on the open market as a "Mortgage backed security".. Ginnie Mae is for government loans.. FHA, VA, USDA.. Fannie and Freddie used to be private companies, but since the mortgage crisis, they were taken over by the federal government and fall under a GSE (government sponsored enterprise) but these are conventional loans with different underwriting guidelines, but in reference to your question, they are pretty much the same. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893