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Frequently Asked Questions (FAQs)​

This FAQ is for summary purposes only. All terms and conditions of the MBS Program are in the applicable Guaranty Agreement and the Guide. Where there is any inconsistency between this FAQ and the applicable Guaranty Agreement or the Guide, the provisions of the applicable Guaranty Agreement or the Guide will govern.
 
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Can Ginnie Mae assist me in purchasing a home?
 
Since Ginnie Mae is a wholly-owned government corporation within HUD, can Ginnie Mae assist me in purchasing a HUD-owned property?
 
I want to buy a home but I don’t know if buying a home is better than renting. Can you provide any advice?
 
I am a teacher/law enforcement officer/firefighter/emergency medical technician and I want to purchase a home through HUD’s Good Neighbor Next Door program. Can Ginnie Mae assist me?
 
Can Ginnie Mae assist me in using the HARP program to refinance my current government-insured loan?
 
What is the difference between a conventional loan and a government-insured loan?
 
My loan is insured by the Federal Housing Administration (FHA). How can I get in touch with them?
 
My loan is guaranteed by the Department of Veterans Affairs (VA). How can I get in touch with them?
 
My loan is insured by the U.S. Department of Agriculture Rural Development (RD). How can I get in touch with them?
 
Which agency is Ginnie Mae collecting mortgage insurance premiums (MIP) information from?