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What is a federal secondary market loan?

April 26, 2017Federal loan market Secondary

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What is a federal secondary market loan?

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A. These loans may be made by a mortgage company or a local bank. Soon after the loan closes it sells to an investor in the “secondary market”, most times these loans end up with a governmental agency like HUD, Fannie Mae or Freddie Mac. To qualify for these loans you need good credit.