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Real Estate Dictionary contains a comprehensive list of real estate and mortgage terms and definitions for home buyers, home sellers, and real estate consumers with expanded definitions of the most important real estate and mortgage home loan terms. This dictionary is made available by Houston area REALTORS®. Please use the real estate dictionary term index section containing an alphabetical list of words with information about them.
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Federal Housing Administration (fha)
An agency of the U.S. Department of Housing and Urban Development (HUD). Its main activity is the insuring of residential mortgage loans made by private lenders. The FHA sets standards for construction and underwriting but does not lend money or plan or c