Are you thinking of purchasing your first home? Would you like to to purchase a home while the prices are low? Many people may be thinking that this is not a good time to buy a home because of the bad economy. However, if you think about it for a minute,this could be the perfect time and there is a program that can help you with financing, called Fannie Mae.

Fannie Mae, is a government sponsored group, that helps people to get the loan they need.This is the perfect time to buy your new home because home prices are at their all time low. If you are employed and sitting around waiting for the economy to stabilize, then you need to stop and go shopping for a home. This is the perfect time to receive help from Fannie Mae so that you can take advantage of the high supply of homes that are priced at lower than normal rates. Any beginning finance major will tell you that the best time to buy is when home  prices are low and then to sell  the home when the prices are higher. As a home owner, you will enjoy many benefits including, living in a home you love that is affordable for you.

How may Fannie Mae help?

They do not make loans direct to the consumer, however Fannie Mae will  work with banks and mortgage brokers to help you, the consumer to qualify for a home loan. Fannie Mae,the government sponsored group, has been around for quite awhile and have helped literally millions of consumers purchase a home.

One thing that has never changed and most likely won't is the fact that it is good for people to buy their own home because it helps the economy and society. This why it makes perfect sense to own your home. Plus the fact that home prices are so much lower than normal right now.You need a place where you can enjoy your life and raise a family. Owning your own home will allow you to have this.

Now is the perfect time to purchase a home at a good price as the value will definitely increase. So start looking for your new home today. Check the Internet or drive around and then contact a real estate agent. There are tons of homes on the market currently and with the way real estate sales have been for the last few years, it just makes sense to purchase a home right now.

When you find the home of your dreams at a great price, ask your real estate agent to explain to you the benefits of going with Fannie Mae.