Red Diamond's Conventional Loan Options

Conventional Loan Options: Fannie Mae & Freddie Mac Loans

Red Diamond Home Loans offers all the available conventional loan options from Fannie Mae and Freddie Mac.

These are the two government-owned entities that offer conventional loans.  These two agencies typically just guaranty the loans and do not always buy the loans.  They do buy some, but they do not buy all the loans that are originated under their umbrella. Regardless, there are many investors we can use to facilitate this process.

  • Loan Level Price Adjustments: (See the chart below)

    Fannie Mae and Freddie Mac charge fees for high loan to value loans and low fico loans.  Those fees are passed through to the borrowers in the form of a loan level price adjustment.   Click Here: Fannie Mae Loan Level Price Adjustment Chart

  • Home Ready Information

    Click Here: For Home Ready Program Guidelines Click Here: Fannie Mae Home Ready Guidelines

  • Underwriting Guidelines

    Fannie Mae has thousands of pages of guidelines. Red Diamond is happy to discuss your situation to see how it fits into those guidelines.