Federally Backed Mortgage
Mortgages that are backed by the federal government are funded through government-sponsored entities or GSEs. The Federal Housing Administration FHA the US. Understanding What A Federally Backed Mortgage Loan Means Integrity First Lending Federally backed mortgages include FHA VA USDA Fannie Mae and Freddie Mac. Federally backed mortgage . This includes most mortgages. A government-backed mortgage is a loan insured by one of three federal government agencies. Homeowners with federally backed loans have the right to ask for and receive a forbearance period for up to 180 dayswhich means you can pause or reduce your mortgage payments for up to six months. Or you can define some mortgage payment a little bit above your average mortgage payment to make up the difference Silvia told us while this program only applies to federally-backed. Nerdwallet has put together a guide to verifying your mortgage type. Each federally backed mortgage program has issued guidance on how servicer...