government
mortgage
A mortgage that is insured by the Federal Housing Administration
(FHA) or guaranteed by the Department of Veterans Affairs
(VA) or the Rural Housing Service (RHS). Contrast with conventional
mortgage.Government
National Mortgage Association
A government-owned corporation within the U.S. Department
of Housing and Urban Development (HUD). Created by Congress
on September 1, 1968, GNMA assumed responsibility for the
special assistance loan program formerly administered by
Fannie Mae. Popularly known as Ginnie Mae.
grantee
The person to whom an interest in real property is conveyed.
grantor
The person conveying an interest in real property.
ground
rent
The amount of money that is paid for the use of land when
title to a property is held as a leasehold estate rather
than as a fee simple estate.
group
home
A single-family residential structure designed or adapted
for occupancy by unrelated developmentally disabled persons.
The structure provides long-term housing and support services
that are residential in nature.
growing-equity
mortgage (GEM)
A fixed-rate mortgage that provides scheduled payment increases
over an established period of time, with the increased amount
of the monthly payment applied directly toward reducing
the remaining balance of the mortgage.
guarantee
mortgage
A mortgage that is guaranteed by a third party.
guaranteed
loan
Also known as a government mortgage.
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