How do I initiate the buying process on a Fannie Mae property?
As with VA properties, Fannie Mae sells through a real estate agent. Your agent offers your bid directly to Fannie Mae, who has the option to accept, reject, or counter offer. Your agent will act as an intermediary informing you of Fannie Mae’s decision. Once both parties have agreed on an offer, you can expect your down payment to range between 3-5% of the final price.
