The head of the U.S. Federal Housing Finance Agency (FHFA) ordered an end to Fannie Mae programs intended to support first-time homebuyers, as announced on March 25, 2025. These programs provided assistance with down payments and closing costs.
This decision by the FHFA chief will discontinue initiatives aimed at expanding homeownership opportunities for new buyers. The programs were designed to alleviate some of the financial barriers to entry for first-time purchasers.
The termination of these support programs could impact the accessibility of mortgages for certain segments of the population. This move represents a shift in policy regarding direct assistance for first-time homebuyers through Fannie Mae.
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