|
| | |
Fannie Mae's Community Home Buyer's Program
Fannie Mae's Community Home Buyer's Program An income-based community lending model, under which mortgage insurers and Fannie Mae offer flexible underwriting guidelines to increase a low- or moderate-income family's buying power and to decrease the total amount of cash needed to purchase a home.
RELATED TERMS--------------------------------------
Mortgage
A legal document pledging property as security for the payment of a loan.
Offer
A proposal to purchase property at a specified price and terms.
Underwriting
The process of analyzing a loan application to determine the amount of risk involved in making the loan.
SIMILAR TERMS--------------------------------------
Warning: mysql_fetch_array(): supplied argument is not a valid MySQL result resource in /home/realesta/public_html/lincari.php on line 147
PREVIOUS AND NEXT TERMS--------------------------------------
Fair Housing Act
A law that prohibits discrimination in all facets of the homebuying process on the basis of race, color, national origin, religion, sex, familial status, or disability.
Fair Housing Amendment Act of 1988
Extends the Civil Rights Act of 1968 to cover handicapped persons and families with children.
Fair market value
The hypothetical price that a willing buyer and seller will agree upon when they are acting freely, carefully, and with complete knowledge of the situation.
Familial status
Familial status is defined as one or more individuals who have not obtained the age of eighteen (18) years, being domiciled with a parent or other person having custody, or anyone who is pregnant.
Fannie Mae
Federal National Mortgage Association (FNMA)
Fannie Mae's Community Home Buyer's Program
Farm credit system
A national banking system for financing the activities of farmers and ranchers.
Farm Service Agency (FSA)
Formerly the Federal Agricultural Mortgage Corporation (FAMC or Farmer MAC), the FSA is a federal agency of the Department of Agriculture. FSA offers programs to help families purchase or operate family farms.
Farmer's Home Administration (FmHA)
An agency of the federal government that provides credit assistance to farmers and other individuals who live in rural areas.
Farming
Prospecting an area for buyers or sellers.
Fascia
A board that connects the ends of the roof rafters and provides a surface to support gutters.
This dictionary contains 6433 terms. |
|
|
