Assistance Programs

Originally set up as a government agency in 1938 to help Americans purchase their homes by making mortgage funds available at reasonable rates. In 1968 Fannie Mae was turned from a government agency to a federally-chartered enterprise wholly shareholder-owned. Fannie Mae is funded solely with private capital, and is traded on the stock exchange (listed as FNM).

Click here to learn more about Fannie Mae.

Freddie Mac is a stockholder-owned (listed as FRE) government-sponsored agency with a mandate to keep mortgage lenders supplied with money. This is done with the goal of helping middle income Americans obtain home ownership and affordable rental units.

Click here to learn more about Freddie Mac.

The Rural Housing Service is part of the U.S. Department of Agriculture and is designed to help people in rural areas become home owners. The Rural Housing Service was created in 1994 to meet housing and community needs in rural America.

Click here to learn more about Rural Housing Service Programs.

There are a variety of state and local government programs available to home buyers. They vary from state to state and are changing all of the time. You should check out the state and county you are considering purchasing your home in to see if they offer a program that you qualify for.

Click here to learn more about other state and local programs available.