Mortgage Lending Directory

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Choose the first letter of the term you wish to have defined below. We will be adding to this page from time to time to cover new mortgage-related products and services. Terms begining with a number are listed on this page below the alphabetical list.

• A  |  Amenity through Assumable Mortgage
• B  |  Balloon Mortgage through Budget
• C  |  Cap through Credit Bureau Score
• D  |  Debt to Income Ratio through Down Payment
• E  |  Earnest Money through Escrow Account
• F  |  Fair Housing Act through Freddie Mac
• G  |  Ginnie Mae through Good Faith Estimate
• H  |  Homebuyer Education Learning Program through HVAC
• I  |  Index through Insurance
• J  |  Judgement through Jumbo Loan
• K  |  No current terminology available.
• L  |  Lease Purchase through Loss Mitigation.
• M  |  Margin through Mortgage Modification
• N  |  No current terminology available.
• O  |  Offer through Origination Fees
• P  |  Partial Claim through Principal
• Q  |  No current terminology available.
• R  |  Radon through Real Estate Settlement Procedures Act
• S  |  Settlement through Sweat Equity
• T  |  Title 1 through Truth-in-Lending
• U  |  Underwriting
• V  |  Department of Veterans Affairs
• W  | No current terminology available.
• X  | No current terminology available.
• Y  |  No current terminology available.
• Z  |  No current terminology available.

Mortgage terminology beginning with a numeral:

• 203(b): FHA program which provides mortgage insurance to protect lenders from default; used to finance the purchase of new or existing one- to four family housing; characterized by low down payment, flexible qualifying guidelines, limited fees, and a limit on maximum loan amount. 
   
• 203(k): this FHA mortgage insurance program enables homebuyers to finance both the purchase of a house and the cost of its rehabilitation through a single mortgage loan.