If you own your home free and clear and do not have a mortgage on the property, then stop reading and call Nestwell, but if you write a check to a mortgage company each month, then you need to take a few more steps. There are two ways to find out if your mortgage is federally backed:

Who is my mortgage servicer? Your mortgage servicer is the company that you send your mortgage payments to each month. The servicer has an obligation to provide you, to the best of its knowledge, the name, address, and telephone number of who owns your loan.

Have your account number or recent mortgage statement handy.

It may take a while to get a loan servicer on the phone. Loan servicers are experiencing a high call volume and may also be impacted by the pandemic so another options is:

Nearly half of the nation’s mortgages are owned or backed by Fannie Mae or Freddie Mac. To look up online whether your mortgage is owned or backed by Fannie or Freddie, click these links:

These sites aren't guaranteed, but it's a great starting point, and if your loan populates here, then it's safe to say that it's backed by the government.

Here's a list of other sites you could check:

List of federal agencies and entities

If you would like to discuss things in greater detail, we are happy to help. Schedule a call now. 

Team Nestwell