Federal Housing Administration

In real estate finance, the Federal Housing Administration (FHA) is an agency of the federal government that insures mortgage loans made by approved private lenders. The FHA does not lend money directly to borrowers but provides insurance that protects lenders against...

Farmers Home Administration

In real estate and lending, the Farmers Home Administration was an agency of the United States Department of Agriculture created to provide financial assistance to farmers and residents of rural areas. Its primary purpose was to offer loans and guarantees when...

Fannie Mae

In real estate finance, Fannie Mae is the common name for the Federal National Mortgage Association (FNMA). It is a government sponsored enterprise created to support the secondary mortgage market by purchasing mortgages from lenders. By buying and securitizing...

Fair Market Value

In real estate, Fair Market Value is the price a property is most likely to sell for on the open market after being exposed for a reasonable period of time. It assumes that both the buyer and the seller are well informed about the property and its potential uses and...