Can I Buy a Home Directly from Fannie Mae?

Yes, you can buy a home directly from Fannie Mae. Fannie Mae is not only a home mortgage company, it also offers property for sale itself. If borrowers default on their Fannie Mae loans, Fannie Mae can take control of their property. That property is then listed on its website, through which Fannie Mae allows homebuyers and investors to search for, evaluate, and purchase Fannie Mae-owned properties.

Tellus TIP:

Purchasing these type of REO properties is often less expensive than buying from homeowners because the properties were seized after a mortgage default. As such, Fannie Mae aims to sell the property quickly.