Fair Credit Reporting ActThe Fair Credit Reporting Act is a federal law that regulates how consumer credit information is collected, used, shared, and(...)
Fair Debt Collection Practices ActThe Fair Debt Collection Practices Act is a federal law that governs how certain debts may be collected from consumers, including(...)
Fair Housing ActThe Fair Housing Act is a federal law that governs how residential property may be sold, rented, financed, and advertised. The purpose(...)
Fair Market ValueFair Market Value is an estimate of the price a residential property would reasonably command in an open and competitive market. It(...)
Fannie MaeFannie Mae is a housing finance organization that supports the flow of mortgagecredit within residential real estate markets. Its(...)
Farm Service AgencyFarm Service Agency is a government organization that supports land ownership, land use, and agricultural related property management(...)
Farmhouse StyleFarmhouse Style is an architectural and interior design approach commonly used in residential real estate to describe homes that(...)
Fee SimpleFee Simple is the most complete form of property ownership recognized in residential real estate. It represents ownership of land and(...)
Fee Simple DefeasibleFee Simple Defeasible is a form of property ownership in which the owner holds title to land subject to specific conditions or(...)
Fees in APRFees In APR refers to the costs associated with a residential mortgage that are included when calculating the annual percentage rate(...)
FEMA Assistance DocumentationFEMA Assistance Documentation refers to the records required to support requests for disaster related assistance affecting(...)
FHA 203(b)FHA 203(b) is a standard residential mortgage program used to finance the purchase or refinancing of an existing home that is suitable(...)
FHA 203(k)FHA 203(k) is a residential mortgage program that allows a homebuyer or property owner to finance both the purchase of a property and(...)
FHA LoanAn FHA Loan is a residential mortgage insured by a federal housing agency and designed to support access to property ownership for(...)
Fiber CementFiber Cement is a composite building material used in residential construction to form durable exterior surfaces on homes and other(...)
Fiberglass SidingFiberglass Siding is an exterior cladding material used on residential structures to protect the building envelope and define exterior(...)
FICO ScoreA FICO Score is a numerical representation of a consumer’s credit risk, used by lenders to evaluate the likelihood that an individual(...)
Fiduciary DeedA Fiduciary Deed is a legal instrument used in real estate to transfer ownership of property when the person signing the deed is(...)
Fiduciary DutyFiduciary Duty is a legal and ethical obligation that requires one party to act in the best interests of another when entrusted with(...)
Finders FeeA finders fee is a payment made to an individual or entity for introducing two parties who ultimately complete a business transaction.(...)
Finished AtticA Finished Attic is an upper-level space within a home that has been converted into usable living area rather than remaining(...)
Firm PanelFirm Panel refers to a designated group of approved service providers that a lender, insurer, or other real estate related(...)
First LienA First Lien is a legal claim that holds priority over other claims against a residential property. It establishes the primary right(...)
First MortgageA First Mortgage is a loan secured by real property that holds the highest priority claim against that property. It is the primary(...)
Fixed-Rate MortgageA Fixed-Rate Mortgage is a type of residential home loan in which the interest rate remains constant for the entire life of the loan.(...)
Flat FeeFlat Fee is a pricing structure used in real estate services where a fixed amount is charged for a specific service, regardless of(...)
Flat RoofA Flat Roof is a roof design characterized by a nearly level surface that covers a residential structure. In real estate, a flat roof(...)
Flood Elevation CertificateA Flood Elevation Certificate is an official document used in residential real estate to record the elevation of a structure in(...)
Flood InsuranceFlood Insurance is a form of property coverage designed to protect residential property owners from financial loss caused by flooding.(...)
Flood MapA Flood Map is an official representation of land areas that identifies the likelihood and extent of flooding based on geographic,(...)
Flood PlainA Flood Plain is a geographic area of land that is subject to periodic flooding due to its proximity to rivers, streams, coastal(...)
Flood Zone CodeA Flood Zone Code is a classification used in real estate to identify the level of flood risk associated with a specific parcel of(...)
Floor PlanA floor plan is a scaled visual representation of the layout of a residential property, showing how interior spaces are arranged and(...)
Foam InsulationFoam insulation is a building material used within residential structures to reduce heat transfer, control air movement, and improve(...)
ForbearanceForbearance is a mortgage servicing arrangement that temporarily alters how payment obligations are enforced on a residential property(...)
ForeclosureForeclosure is a legal process through which a lender seeks to recover its interest in real property after a borrower fails to meet(...)
Fractional OwnershipFractional Ownership is a property ownership arrangement in which multiple individuals share legal ownership of a single real estate(...)
Freddie MacFreddie Mac And The Role It Plays In Residential Real EstateFreddie Mac is a central institution in the United States housing finance(...)
French StyleFrench Style refers to a residential architectural style inspired by traditional housing designs originating in France and adapted(...)
Full RecourseFull Recourse is a loan arrangement in which the borrower is personally liable for repayment of the debt, even if the collateral(...)
