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Federal National Mortgage Association Fannie Mae Fannie Mae purchases mortgages from banks and other mortgage-lending institutions and, in turn, sells these mortgages to investors, and guarantees the repayment of the principal and interest on the loans that it sells. |
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Federal Home Loan Corporation Freddie Mac Freddie Mac purchases mortgages from banks and other mortgage-lending institutions and, in turn, sells these mortgages to investors, and guarantees the repayment of the principal and interest on the mortgages that it sells. |
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Federal Housing Administration The FHA markets mortgages to people that may not qualify for traditional loans. |
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Veterans Administration The VA Loans are a fixed-rate mortgage for veterans of the US Military. They require no down payment as long as the appraised value of the home is within a certain amount. |
