The White House announced that Fannie Mae and Freddie Mac are set to invest $4.3 billion in Kansas home loans next year. The initiative is expected to assist approximately 15,000 homebuyers as the state faces ongoing affordability challenges and high mortgage rates.
The investment is tied to a recent executive order aimed at reducing mortgage costs. Officials have not released eligibility requirements or loan terms for the Kansas initiative. The announcement underscores the government-sponsored enterprises’ role in expanding access to housing finance.